EQT notes offering
Jan 18 (LNGJ) - EQT Corp., the leading US natural gas producer in the Appalachia Shale basins, said it priced an underwritten public offering of $750 million of its 5.750 percent senior notes due in 2034. EQT’s offering will close on January 19 subject to the satisfaction of customary closing conditions. “EQT expects to use the net proceeds from the offering to repay a portion of the borrowings under its term-loan facility incurred in connection with its acquisition of Tug Hill and XcL Midstream,” the company said.
EQT, based in Pittsburgh and with shale-gas operations in the Marcellus and Utica formations of western Pennsylvania, Ohio and West Virginia said the joint book-running managers and underwriters for the notes offering included J.P. Morgan Securities, MUFG Securities Americas Inc., TD Securities (USA) and Wells Fargo Securities.
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