EQT entered into an Underwriting Agreement on January 17, 2024 with the underwriters and sold $750.0 million of 5.750% senior notes due 2034. The offering closed on January 19.

1. 01

   EQT entered into an Underwriting Agreement on January 17, 2024 with the underwriters and sold $750.0 million of 5.750% senior notes due 2034. The offering closed on January 19.

2. 02

   The company said it received net proceeds of about $741.8 million after deducting underwriting discounts and other expected offering expenses. It used the proceeds, together with cash on hand, to repay $750.0 million of borrowings under its term loan agreement on January 19.

3. 03

   The company said the previously disclosed amendment to its term loan agreement, which extends the maturity date from June 30, 2025 to June 30, 2026, became effective upon the repayment and the satisfaction of other closing conditions. It said $500.0 million of borrowings remain outstanding under the term loan agreement after the repayment.

4. 04

   The company said the notes mature on February 1, 2034 and bear interest at 5.750% per annum. Interest is payable semi-annually in arrears on February 1 and August 1, with the first interest payment on August 1, 2024. The Indenture contains covenants that limit the company's ability to incur certain secured debt and to engage in certain sale and leaseback transactions.

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Original filing

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