secwatch.observer — SEC 8-K summary
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Issuer:     EQT Corp (EQT)
CIK:        0000033213
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001104659-22-116543
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33213/000110465922116543/0001104659-22-116543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33213/000110465922116543/tm2230127d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-116543

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