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

EQT Corporation Initiates Tender Offer for Senior Notes

EQT Corporation has unveiled a significant financial maneuver by announcing a tender offer aimed at purchasing select senior notes totaling up to $1.15 billion. This strategic decision was made public on March 10, 2026, marking a pivotal moment for the company as it seeks to optimize its debt management and improve its financial position.

Overview of the Tender Offer

The company's tender offer includes a range of senior notes that encompass various maturity dates, including:

• - 3.900% Senior Notes due 2027
• - 6.375% Senior Notes due 2029
• - 4.50% Senior Notes due 2029
• - 5.00% Senior Notes due 2029
• - 4.75% Senior Notes due 2031
• - 3.625% Senior Notes due 2031
• - 7.000% Senior Notes due 2030
• - 7.500% Senior Notes due 2030

These notes collectively reflect EQT's strategic focus on potentially high-yielding debt instruments that can enhance their overall capital structure.

Purchase Price and Limits

The total tender offer is structured with a cap of $1.15 billion, excluding any accrued and unpaid interest. Specific limits have been placed on certain categories of notes:

• - $400 million for the 3.900% Senior Notes due 2027
• - $750 million for the combination of 6.375%, 4.50%, and 5.00% Senior Notes due 2029.

This structured approach is designed to ensure a focused but comprehensive debt management strategy.

Acceptance Priority Levels

The process for the purchase of these notes will follow an acceptance priority level, which classifies the notes into hierarchies based on their maturity and interest rates, with Level 1 being the most desirable. The acceptance of notes will be prioritized according to these levels, ensuring that the company can effectively manage its offerings based on available capital.

Key Dates and Procedure

The tender offer will conclude at 5:00 PM New York City time on April 8, 2026, unless an extension is granted. Investors holding notes must be aware of critical deadlines:

• - Withdrawal Deadline: March 23, 2026, post which tendered notes cannot be withdrawn.
• - Following the early tender date, notes will continue to be accepted until the expiration date, albeit with a reduction in the total consideration offered for those tendered later.

Purpose of the Tender Offer

EQT's tender offer is strategically aligned with their objective to mitigate the overall principal amount of their debt. By repurchasing these senior notes, the company plans to retire some of its outstanding obligations, thereby enhancing financial stability.

The company intends to fund this tender offer using available cash and, if required, through borrowings from its revolving credit facility. Additionally, EQT has announced plans for the redemption of all its 6.500% Senior Notes due 2027, with the actual redemption scheduled for March 26, 2026.

Inviting Inquiry

For inquiries regarding the tender offer, EQT encourages communication with their lead dealer managers, Citigroup Global Markets Inc. and BofA Securities, Inc., who are available to assist investors with questions about this financial undertaking.

This announcement serves as an essential update for stakeholders and potential investors, reflecting EQT’s continued commitment to enhancing operational efficiency and maintaining a strong financial framework through strategic debt management initiatives.

About EQT Corporation

EQT Corporation stands as a leading natural gas company in the United States, with a robust focus on developing resources responsibly in the Appalachian Basin. The company's culture emphasizes operational efficiency and sustainable practices, positioning itself as a responsible operator in the energy sector. Through strategic initiatives such as this tender offer, EQT is committed to reducing its environmental impact while maximizing value for its stakeholders.