EQT amends Tug Hill purchase agreement, removing seller board nomination right per FTC settlement

EQT Corp

On August 21, 2023, EQT, EQT Production, and Tug Hill sellers entered Second Amendment to the A&R Purchase Agreement.
Amendment removes Sellers' right to designate a director nominee in EQT's board slate, converting to a Registration Rights Agreement.
Change aligns with EQT's previously disclosed agreement with the U.S. Federal Trade Commission regarding the Acquisition.
Also extends employee benefit coverage through the end of the closing month for certain continuing employees.

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 Amendment with THQ Appalachia I, LLC, THQ-XcL Holdings I, LLC and their subsidiaries (Tug Hill Parties) (effective 2023-08-21).

Action: amendment
Agreement: asset purchase
Counterparty: THQ Appalachia I, LLC, THQ-XcL Holdings I, LLC and their subsidiaries (Tug Hill Parties)
Effective: 2023-08-21

Exact text from the filing

The A&R Purchase Agreement also contains other amendments to the Purchase Agreement that are related to such extension, including modifications to certain purchase price adjustments and interim period

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EQT Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-094068

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