EQT Announces Pricing of Tender Offer for 3.900% Senior Notes due 2027

Core Viewpoint - EQT Corporation has announced a tender offer to purchase its outstanding 3.900% Senior Notes due 2027 for cash, with a total consideration based on a fixed spread and U.S. Treasury yield [1][4][5]. Summary by Relevant Sections Tender Offer Details - The EQT Tender Offer is for an aggregate purchase price of up to $750 million, excluding accrued and unpaid interest, subject to the EQT Notes Tender Cap [7][8]. - The total consideration for the EQT Notes validly tendered includes an early tender premium of$50 per $1,000 principal amount [5][6]. - The early tender date was March 7, 2025, after which holders could no longer withdraw their tendered notes [4][5]. Financial Terms - The principal amount of the 3.900$1,169,503,000, with a reference yield of 3.959% and a fixed spread of +45 basis points [2]. - The total consideration per $1,000 principal amount of EQT Notes accepted for purchase is$987.82, with a proration factor of 25.4% due to the oversubscription of the tender offer [2][8]. Payment and Settlement - Payment for the accepted EQT Notes is expected to occur on March 12, 2025, which is designated as the Early Settlement Date [6]. - Holders of the EQT Notes will also receive accrued and unpaid interest from the last interest payment date up to, but not including, the Early Settlement Date [5]. Management and Advisory - TD Securities (USA) LLC and J.P. Morgan Securities LLC are serving as the Lead Dealer Managers for the EQT Tender Offer [9].