debt
confidence high
sentiment neutral
materiality 0.80
EQT exchanges $3.87B in EQM notes for new notes; consent amendments secured
EQT Corp
- $3.869B of $4.542B outstanding EQM notes validly tendered (85.2%).
- Settlement expected April 2; holders receive $1,000 (early) or $950 (late) principal per $1,000 tendered plus $1 cash.
- Consents obtained to eliminate restrictive covenants on all series except 5.5% 2028 notes.
- Concurrent EQM tender offer purchased $506M of 6.5% 2027 notes in March.
- Supplemental indentures executed March 12, effective upon settlement.