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Results of Early Participation in Exchange Offers and Consent Solicitations for EQM Midstream Partners, LP Notes
EQT Corporation (NYSE: EQT) ("EQT" and, collectively with its consolidated subsidiaries, the "Company") today announced the early results of the previously announced (i) offers by EQT to Eligible Holders (as defined below) to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes (the "Existing EQM Notes") issued by EQM Midstream Partners, LP ("EQM"), an indirect wholly owned subsidiary of EQT, for up to $4,541,839,000 aggregate principal amoun
About this update from Eqt Corporation
[{"type":"text","content":"PITTSBURGH, March 10, 2025 /PRNewswire/ -- EQT Corporation (NYSE: EQT) ("EQT" and, collectively with its consolidated subsidiaries, the "Company") today announced the early results of the previously announced (i) offers by EQT to Eligible Holders (as defined below) to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes (the "Existing EQM Notes") issued by EQM Midstream Partners, LP ("EQM"), an indirect wholly owned subsidiary of EQT, for up to $4,541,839,000 aggregate principal amount of new notes to be issued by EQT (the "New Notes") and cash and (ii) related solicitation of consents (each, a "Consent Solicitation" and collectively, the "Consent Solicitations") by EQM from Eligible Holders to adopt certain proposed amendments (the "Proposed Amendments") to each of the indentures governing the Existing EQM Notes (the "Existing EQM Indentures") that, if adopted, would eliminate substantially all of the restrictive covenants, certain events of default and certain other provisions currently contained in the Existing EQM Indentures.","length":1209,"tagName":"p"},{"type":"image","alt":"EQT Logo (June 2020) (PRNewsfoto/EQT Corporation)","displaySize":"","headline":null,"caption":"EQT Logo (June 2020) (PRNewsfoto/EQT Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":137,"url":"https://media.zenfs.com/en/prnewswire.com/c574f2e9ed7ac868d14a4fdc39e44398"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/PkRnH3Z8.QClJUBY.K70Kw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c574f2e9ed7ac868d14a4fdc39e44398","width":400,"height":137}},"href":"https://mma.prnewswire.com/media/1213252/EQT_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The table below sets forth the principal amount of each series of Existing EQM Notes that have been validly tendered (and consents thereby validly delivered) as of 5:00 p.m., New York City time, on March 7, 2025 (the "Early Tender Date"). Each Eligible Holder who validly tenders their Existing EQM Notes pursuant to an Exchange Offer is deemed to have validly delivered their consent in the corresponding Consent Solicita...