Financing

EQT Launches US$1.75 Billion Offering of Senior Notes

By Isha Makkar
January 14, 2020
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Pittsburgh-headquartered natural gas producer EQT Corp. has launched a US$1 billion offering of 6.125% Senior Notes due 2025, and a US$750.0 million offering of 7.0% Senior Notes due 2030. The notes will be issued at 100% of the principal amount. The Company plans to use the proceeds of the offering to repay outstanding indebtedness, including the repayment of all Floating Rate Notes due 2020 and all outstanding 2.5% Senior Notes due 2020, with the remaining proceeds to be used to repay or redeem other outstanding indebtedness, including the outstanding 4.875% Senior Notes due 2021. A total of 18 investment banks and brokerage firms are acting as underwriters and bookrunning co-managers for the offerings. The notes are expected to be settled by January 21st, 2020.

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