EQT Corp. is upsizing its previously announced tender offer to purchase for cash up to $300 million aggregate principal amount of its outstanding 6.125% senior notes due 2025. (Source: Shutterstock.com)
EQT Corp. is upsizing its previously announced tender offer to purchase for cash up to $300 million aggregate principal amount of its outstanding 6.125% senior notes due 2025.
The tender offer amendment increases the aggregate principal amount of notes subject to the tender offer from $250 million.
The tender offer is being made upon and is subject to terms and conditions set in the offer to purchase, dated May 24. Tendered notes may no longer be withdrawn, as withdrawal rights for the offer expired at 5:00 p.m. June 7 New York City time.
June 7 was the last date and time for holders to tender notes in order to qualify to receive early tender consideration, which includes an early tender premium of $30 per $1,000 principal amount of notes.
Payment for notes accepted for purchase is to be made on June 9.
EQT does not plant to accept for purchase any tenders after June 7, even though the tender offer is scheduled to expire June 22, because holders of notes subject to the tender offer validly tendered and did not validly withdraw notes on or before June 7 in an aggregate principal amount that exceeds the maximum tender amount of $300 million.
Recommended Reading
Colonial’s Line 1 Gasoline Service Restored, Company Says
2025-01-20 - Colonial Pipeline Co. stopped flows on the gasoline transport line following reports of a leak in Georgia.
Midstreamers Say Need for More Permian NatGas Pipelines Inevitable
2024-11-26 - The Permian Basin’s associated gas output could outstrip the region’s planned capacity well before the end of the decade, pipeline company executives said.
Kinder Morgan to Build $1.7B Texas Pipeline to Serve LNG Sector
2025-01-22 - Kinder Morgan said the 216-mile project will originate in Katy, Texas, and move gas volumes to the Gulf Coast’s LNG and industrial corridor beginning in 2027.
FERC Closes Out ’24 with Rulings to Boost LNG Supply
2025-01-06 - A trio of Federal Energy Regulatory Commission authorizations in the latter half of December allowed new LNG trains to begin operations or boosted gas supplies to the facilities.
Glenfarne Signs on to Develop Alaska LNG Project
2025-01-09 - Glenfarne has signed a deal with a state-owned Alaskan corporation to develop a natural gas pipeline and facilities for export and utility purposes.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.