secwatch / observer
8-K filed November 9, 2022, 6:59 PM ET ticker EQT CIK 0000033213
debt confidence high sentiment neutral materiality 0.65

EQT Corp (EQT): debt financing — EQT enters $1.25B term loan to finance THQ Appalachia acquisition

EQT Corp

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EQT Corp incurred term loan of up to $1,250,000,000 with PNC Bank, National Association, as Administrative Agent at Base Rate plus a margin ranging from 0 basis points to 125 basis points or Term maturing the earlier of (i) the two year anniversary of the Funding Date and (ii) the effective date of (x) if the Funding Date has not occurred, any termination or canc.

Instrument
term loan
Principal
up to $1,250,000,000
Counterparty
PNC Bank, National Association, as Administrative Agent
Rate
Base Rate plus a margin ranging from 0 basis points to 125 basis points or Term
Maturity
the earlier of (i) the two year anniversary of the Funding Date and (ii) the effective date of (x) if the Funding Date has not occurred, any termination or canc
Event
incurrence
Exact text from the filing
(the “Lenders”) parties thereto. Under the Term Loan Credit Agreement, the Company may obtain unsecured term loans in a single draw in an aggregate principal amount up to $1,250,000,000. The Term Loan Credit Agreement matures at the earlier of (i) the two year anniversary of the Funding Date (as defined in the Term Loan Credit Agreement) and (ii) the effective
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EQT Corp entered into Term Loan Credit Agreement with PNC Bank, National Association, as Administrative Agent, and the other lenders valued at aggregate principal amount up to $1,250,000,000 (effective 2022-11-09).

Action
entry
Agreement
credit facility
Counterparty
PNC Bank, National Association, as Administrative Agent, and the other lenders
Value
aggregate principal amount up to $1,250,000,000
Effective
2022-11-09
Exact text from the filing
On November 9, 2022, EQT Corporation (the “Company”) entered into a Credit Agreement, dated as of November 9, 2022 (the “Term Loan Credit Agreement”), among the Company, PNC Bank, National Association, as Administrative Agent (the “Administrative Agent”), and the other lenders (the “Lenders”) parties thereto. Under the Term Loan Credit Agreement, the Company may obtain unsecured term loans in a single draw in an aggregate principal amount up to $1,250,000,000.
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EQT Corp filing history →

Source: SEC EDGAR
accession 0001104659-22-116543
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