EQT Corp (EQT): debt financing — EQT completes exchange of $3.87B EQM notes for new EQT notes and cash; removes subsidiary covenants

EQT Corp

Accepted $3,869M aggregate principal of EQM notes (eight series) in exchange for new EQT notes and cash.
Issued eight series of EQT senior notes totalling ~$3.87B with maturities 2027-2048 and coupons 4.50%-7.50%.
Amended EQM indentures: removed reporting, liens, sale-leaseback, change-of-control covenants & default provisions.
Remaining outstanding EQM notes reduced to ~$166M across all series.
Registration rights agreement requires EQT to file registered exchange offer by March 28, 2026 or pay up to 1% extra interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EQT Corp incurred senior notes of $495,925,000 aggregate principal amount of 7.500% Senior Notes due 2027 with The Bank of New York Mellon at 7.500% per annum maturing June 1, 2027.

Instrument: senior notes
Principal: $495,925,000 aggregate principal amount of 7.500% Senior Notes due 2027
Counterparty: The Bank of New York Mellon
Rate: 7.500% per annum
Maturity: June 1, 2027
Event: incurrence

Exact text from the filing

EQT and The Bank of New York Mellon, as trustee (the “Trustee”), entered into the supplemental indentures set forth below (collectively, the “EQT 2025 Supplemental Indentures”) to the Indenture

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EQT Corp incurred senior notes of $344,921,000 aggregate principal amount of 6.500% Senior Notes due 2027 with The Bank of New York Mellon at 6.500% per annum maturing July 1, 2027.

Instrument: senior notes
Principal: $344,921,000 aggregate principal amount of 6.500% Senior Notes due 2027
Counterparty: The Bank of New York Mellon
Rate: 6.500% per annum
Maturity: July 1, 2027
Event: incurrence

Exact text from the filing

(ii) Nineteenth Supplemental Indenture - $344,921,000 aggregate principal amount of 6.500% Senior Notes due 2027, which notes accrue interest a rate of 6.500% per annum

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EQT Corp incurred senior notes of $45,225,000 aggregate principal amount of 5.500% Senior Notes due 2028 with The Bank of New York Mellon at 5.500% per annum maturing July 15, 2028.

Instrument: senior notes
Principal: $45,225,000 aggregate principal amount of 5.500% Senior Notes due 2028
Counterparty: The Bank of New York Mellon
Rate: 5.500% per annum
Maturity: July 15, 2028
Event: incurrence

Exact text from the filing

(iii) Twentieth Supplemental Indenture - $45,225,000 aggregate principal amount of 5.500% Senior Notes due 2028, which notes accrue interest a rate of 5.500% per annum

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EQT Corp incurred senior notes of $596,725,000 in aggregate principal amount of 6.375% Senior Notes due 2029 with The Bank of New York Mellon at 6.375% per annum maturing April 1, 2029.

Instrument: senior notes
Principal: $596,725,000 in aggregate principal amount of 6.375% Senior Notes due 2029
Counterparty: The Bank of New York Mellon
Rate: 6.375% per annum
Maturity: April 1, 2029
Event: incurrence

Exact text from the filing

(v) Twenty-Second Supplemental Indenture - $596,725,000 in aggregate principal amount of 6.375% Senior Notes due 2029, which notes accrue interest a rate of 6.375% per annum

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EQT Corp incurred senior notes of $734,583,000 aggregate principal amount of 4.50% Senior Notes due 2029 with The Bank of New York Mellon at 4.50% per annum maturing January 15, 2029.

Instrument: senior notes
Principal: $734,583,000 aggregate principal amount of 4.50% Senior Notes due 2029
Counterparty: The Bank of New York Mellon
Rate: 4.50% per annum
Maturity: January 15, 2029
Event: incurrence

Exact text from the filing

(iv) Twenty-First Supplemental Indenture - $734,583,000 aggregate principal amount of 4.50% Senior Notes due 2029, which notes accrue interest a rate of 4.50% per annum

View on SEC.gov

Browse all debt financings →

EQT Corp filing history →

Source: SEC EDGAR

accession 0001104659-25-031684

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.