#United States #Senior Notes #EQT Corporation #Tender Offer #Pittsburgh

EQT Corporation Announces Tender Offer Pricing for Senior Notes Due 2027

On March 10, 2025, EQT Corporation (NYSE: EQT) disclosed its pricing for a tender offer aimed at acquiring its 3.900% Senior Notes, which are set to mature in 2027. This initiative, referred to as the EQT Tender Offer, is set to improve the overall financial landscape for the company, alongside certain favorable conditions for its debt holders.

Key Terms of the Offer

The offer encompasses a total consideration of up to $750 million, without including accrued interests. According to EQT's announcement, the purchase price particulars were carefully outlined:

• - Title of Notes: 3.900% Senior Notes due 2027
• - CUSIP Number: 26884LAF6
• - Principal Amount Outstanding: $1,169,503,000
• - Reference U.S. Treasury Security: 4.125% U.S. Treasury Notes due January 31, 2027
• - Reference U.S. Treasury Yield: 3.959%
• - Fixed Spread: +45 basis points
• - Early Tender Premium: $50.00
• - Total Consideration per $1,000 Principal: $987.82
• - Principal Amount Accepted: $233,345,000
• - Approximate Proration Factor: 25.4%

These terms effectively highlight the company's intentions to buy back its debt, helping to manage its future interests and obligations efficiently.

Participation Details

The EQT Tender Offer allows holders of the EQT Notes to tender their notes under specific conditions. The right to withdraw tendered Notes ended at 5 PM New York time on March 7, 2025. The last date for tendering notes to qualify for the Total Consideration, which includes an early tender incentive, has been emphasized as March 7, 2025. For those whose notes are accepted, payment is anticipated on March 12, 2025, further enhancing liquidity for participants.

Implications for EQT and Investors

This event signifies strategic maneuvers by EQT Corporation, which specializes in natural gas production and midstream operations in the Appalachian Basin. By undertaking such offers, the company aims to fortify its balance sheet and solidify its standing in the competitive energy market. Investors can benefit from this offer by responding timely and potentially realizing gains through accrued interest and principal repayment.

Conclusion and Contact Information

The EQT Tender Offer, facilitated by TD Securities (USA) LLC and J.P. Morgan Securities LLC, showcases the commitment of EQT Corporation towards financial stability and operational efficiency. Investors interested in learning more about the process can contact the designated agents for further inquiries. The essential documents related to the EQT Tender Offer and the detailed terms are available through Global Bondholder Services Corporation, ensuring all stakeholders have access to relevant information.

Through this tender offer, EQT Corporation not only reassures its investors about its strong financial footing but also exhibits a proactive approach towards managing its debts and optimizing its capital structure.