Equitrans Midstream Corp: debt financing — EQM Midstream closes $600M 6.375% senior notes due 2029

Equitrans Midstream Corp

Issued $600M aggregate principal of 6.375% senior notes due April 1, 2029.
Interest payable semi-annually on April 1 and October 1, starting Oct 1, 2024.
Notes are unsecured and rank equally with all existing and future senior indebtedness of EQM.
Covenants limit liens, sale-and-leaseback, and asset consolidations/mergers.
Redeemable at EQM's option; change-of-control trigger requires 101% purchase offer.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Equitrans Midstream Corp incurred senior notes of $600 million in aggregate principal amount with U.S. Bank Trust Company, National Association at 6.375% maturing April 1, 2029.

Instrument: senior notes
Principal: $600 million in aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.375%
Maturity: April 1, 2029
Event: incurrence

Exact text from the filing

Equitrans Midstream Corporation (ETRN), completed its previously announced private offering of $600 million in aggregate principal amount of new 6.375% senior notes due 2029 (the Notes).

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

Equitrans Midstream Corp entered into Indenture with U.S. Bank Trust Company, National Association valued at $600 million (effective 2024-02-26).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $600 million
Effective: 2024-02-26

Exact text from the filing

completed its previously announced private offering of $600 million in aggregate principal amount of new 6.375% senior notes due 2029 (the Notes). The Notes were issued under and are governed by an indenture, dated February 26, 2024 (the Indenture), between EQM and U.S. Bank Trust Company, National Association, as trustee

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Source: SEC EDGAR

accession 0001104659-24-027534

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