trending Market Intelligence /marketintelligence/en/news-insights/trending/-2kzyK9PHuJL9ALY08rVgw2 content esgSubNav
In This List

EQT prices $1.75B senior note offering

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


EQT prices $1.75B senior note offering

EQT Corp. priced an offering of $1.75 billion senior notes consisting of $1 billion of 6.125% senior notes due Feb. 1, 2025, and $750 million of 7.000% senior notes due Feb. 1, 2030, at par, according to a Jan. 15 news release.

Proceeds will be used to redeem all of EQT's outstanding floating rate notes due 2020 and all of its outstanding 2.500% senior notes due 2020. The remaining proceeds will be used to repay or redeem other debt, which includes all or a portion of the company's outstanding 4.875% senior notes due 2021.

BofA Securities Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering, which is expected to close Jan. 21.

EQT is the largest producer of natural gas in the U.S. with operations throughout Pennsylvania, West Virginia and Ohio.