---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-116543"
form_type: "8-K"
ticker: "EQT"
cik: "0000033213"
company_name: "EQT Corp"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T02:15:37.500440+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# EQT enters $1.25B term loan to finance THQ Appalachia acquisition

## Summary
- Credit agreement dated Nov 9, 2022 for up to $1.25B unsecured term loans, single draw.
- Proceeds to fund cash consideration for acquisition of THQ Appalachia I Midco and THQ-XcL Holdings I Midco.
- Matures earlier of 2 years from funding or acceleration; voluntary prepayment without premium allowed.
- Interest margin: Term SOFR + 100-225 bps or Base Rate + 0-125 bps based on credit ratings.
- Covenant limits consolidated debt to max 65% of total capital; restrictions on liens and subsidiary debt.

## SEC filing metadata
- accession: 0001104659-22-116543
- form_type: 8-K
- ticker: EQT
- cik: 0000033213
- company_name: EQT Corp
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/33213/000110465922116543/0001104659-22-116543-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/33213/000110465922116543/tm2230127d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-116543
- JSON: https://secwatch.observer/filing/0001104659-22-116543.json
- Plain text: https://secwatch.observer/filing/0001104659-22-116543.txt

## Key facts
- Debt Financings
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/33213/000110465922116543/0001104659-22-116543-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/33213/000110465922116543/0001104659-22-116543-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.