The company said the Exchange Offers for the existing notes issued by EQM Midstream Partners, LP expired at 5 p.m. New York City time on March 28, 2025, and that $3,869,493,000 in principal amount had been validly tendered as of the expiration date.

1. 01

   The company said the Exchange Offers for the existing notes issued by EQM Midstream Partners, LP expired at 5 p.m. New York City time on March 28, 2025, and that $3,869,493,000 in principal amount had been validly tendered as of the expiration date.

2. 02

   The company said that for each $1,000 principal amount of existing notes tendered on or before March 7, 2025, holders will receive $1.00 in cash and $1,000 in principal amount of new notes. For notes tendered after that date but on or before the expiration date, holders will receive $1.00 in cash and $950 in principal amount of new notes.

3. 03

   The company disclosed that tenders represented 7.500% of its 99.2% Senior Notes due 2027 ($500,000,000 of $495,931,000 in principal amount) and 6.500% of its 38.3% Senior Notes due 2027 ($900,000,000 of $344,923,000 in principal amount).

4. 04

   The company said settlement of the Exchange Offers is expected on April 2, 2025. It said the supplemental indentures executed on March 12, 2025 will become operative upon settlement. 5.500% Senior Notes due 2028 are excluded because the consent requirement was not met.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.