EQT to price $300 million eight-year bullet senior notes on Friday; early whisper mid-5% area

By Abigail W. Adams

Portland, Me., Oct. 30 – EQT Corp. plans to price $300 million of eight-year senior bullet notes in a Friday drive-by with the early whisper in the mid-5% area, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

BofA Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Wells Fargo Securities LLC are active bookrunners for the registered offering.

Barclays, BMO Capital Markets Corp., J.P. Morgan Securities LLC, MUFG, PNC Capital Markets LLC, RBC Capital Markets Corp., Scotia Capital (USA) Inc., TD Securities (USA) LLC and U.S. Bancorp Investments Inc. are joint bookrunners.

Co-managers are Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc., BNY Mellon Capital Markets, LLC, CIBC World Markets Corp., Citizens Capital Markets, Inc. and Huntington Securities, Inc.

The notes are non-callable.

There is a poison put at 101.

Proceeds from the offering, in addition to cash on hand, borrowings from the revolving credit facility and proceeds from a concurrent equity offering, will be used to partially fund the acquisition of Chevron’s Appalachia assets.

EQT is a Pittsburgh-based natural gas producer.

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