EQT Corp.

Description

Priced an underwritten public offering of about 25.9 million shares of its common stock by certain shareholders at a price to the public of $20 per share. Such selling shareholders, who had received the shares as a part of the company’s acquisition of Alta Resources Development LLC’s upstream and midstream subsidiaries, have granted the underwriters a 30-day option to purchase roughly up to an additional 3.9 million shares. EQT will not sell any shares of its common stock in the offering and will not receive any proceeds from the sale. Barclays and J.P. Morgan are joint book-running managers.

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Companies
Estimated Price
$518.6MM
Financing Type
Report Date