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EQT announces pricing details for $1.4 billion tender offer

March 24, 2026 2:31 PM

EQT Corporation (NYSE: EQT) announced the pricing and acceptance amounts for its tender offer to purchase up to $1.4 billion of certain senior notes, according to a company statement.



The natural gas company will accept $402.3 million of its 3.900% Senior Notes due 2027 at $994.16 per $1,000 principal amount, representing a 61.3% proration factor. EQT also accepted $547.7 million of 6.375% Senior Notes due 2029 at $1,032.04 per $1,000 principal amount and $435 million of 4.50% Senior Notes due 2029 at $999.29 per $1,000 principal amount with a 61.7% proration factor.



The company did not accept any of the remaining five series of notes for purchase, including the 5.00% Senior Notes due 2029, 4.75% Senior Notes due 2031, 3.625% Senior Notes due 2031, 7.000% Senior Notes due 2030, and 7.500% Senior Notes due 2030.



The tender offer used acceptance priority levels, with the 2027 notes having the highest priority and the 7.500% notes due 2030 having the lowest. A combined $1 billion subcap applied to the three 2029 note series.



Payment for accepted notes is expected on March 26, 2026. Holders who tendered notes by the March 23 early tender deadline received the full consideration, which included a $30 per $1,000 early tender premium.



Citigroup Global Markets Inc. and BofA Securities, Inc. served as lead dealer managers for the tender offer. Global Bondholder Services Corporation acted as information agent and tender agent.

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