EQT extends $1.25B term loan commitment to Dec 29, 2023 for Tug Hill acquisition

EQT Corp

Second amendment to Term Loan Credit Agreement extends commitment termination date to December 29, 2023.
Maturity date set at two years after funding but no later than June 30, 2025.
The $1.25 billion unsecured term loan facility is intended to partially finance the Tug Hill acquisition.
Amendment aligns commitment period with the outside date under the Amended and Restated Purchase Agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EQT Corp amended Term Loan Credit Agreement Amendment with Lenders and Administrative Agent (PNC Bank, National Association) valued at Extended Commitment Termination Date to December 29, 2023 and set maturity two years after funding b (effective 2023-04-25).

Action: amendment
Agreement: credit facility
Counterparty: Lenders and Administrative Agent (PNC Bank, National Association)
Value: Extended Commitment Termination Date to December 29, 2023 and set maturity two years after funding b
Effective: 2023-04-25

Exact text from the filing

On April 25, 2023, EQT, the Lenders and the Administrative Agent entered into a second amendment to the Term Loan Credit Agreement (the “Term Loan Credit Agreement Amendment”) to (i) extend the Commitment Termination Date to December 29, 2023 to align with the Outside Date in the A&R Purchase Agreement and (ii) provide that the Term Loan Credit Agreement will mature two years after the funding date thereunder but no later than June 30, 2025.

View on SEC.gov

Browse all material agreements →

EQT Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-050378

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.