EQT extends special mandatory redemption outside date for 5.7% senior notes due 2028 to Dec 29, 2023

EQT Corp

Received requisite consents from majority holders to amend indenture; paid $7.50 initial consent fee per $1,000 principal.
Outside date extended from June 30, 2023 to December 29, 2023, aligning with purchase agreement termination and term loan commitment dates.
Additional consent fee of $3.75 per $1,000 principal payable if acquisition not closed and no redemption by June 30, 2023.
Notes were issued Oct 2022 to partially fund cash consideration for pending acquisition of THQ Appalachia I/THQ-XcL Holdings.
J.P. Morgan acted as Lead Solicitation Agent; amendment operative upon payment of Initial Consent Fee on May 11, 2023.

item 1.01 item 3.03 item 8.01 item 9.01

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 Sixteenth Supplemental Indenture with The Bank of New York Mellon, as trustee (effective 2023-05-10).

Action: amendment
Agreement: notes offering
Counterparty: The Bank of New York Mellon, as trustee
Effective: 2023-05-10

Exact text from the filing

EQT entered into a Sixteenth Supplemental Indenture, dated as of May 10, 2023 (the “Sixteenth Supplemental Indenture”), with the Trustee, which supplements the Indenture and extends the Outside Date for the special mandatory redemption provision applicable to the Notes to December 29, 2023.

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EQT Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-059174

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