debt
confidence high
sentiment neutral
materiality 0.60
EQT commences $1.15B tender offer for 8 series of senior notes; also to redeem $345M 6.5% notes due 2027
EQT Corp
- Tender offer up to $1.15B aggregate purchase price for 8 series of senior notes (3.900% to 7.500% coupons).
- Subcap: $400M for 3.900% notes due 2027; $750M for three series due 2029.
- Early tender deadline March 23; expiration April 8; early tender premium $30 per $1,000.
- Also plans to redeem all $344.9M of 6.500% Senior Notes due 2027 on March 26, 2026.
- Financing via cash on hand and revolver; purchased notes will be retired.