EQT GP Holdings, LP Commences Initial Public Offering
May 04 2015 - 4:04PM
Business Wire
EQT GP Holdings, LP, a Delaware limited partnership (the
Partnership) and an EQT Corporation company, today announced it has
commenced an initial public offering of 20,000,000 common units
representing limited partner interests pursuant to a registration
statement on Form S-1 filed with the U.S. Securities and Exchange
Commission (SEC). The underwriters will be granted a 30-day option
to purchase up to an additional 3,000,000 common units. The common
units of the Partnership are expected to be listed and traded on
the New York Stock Exchange, under the symbol "EQGP."
The common units being offered to the public represent a 7.5%
limited partner interest in the Partnership, or 8.5% limited
partner interest if the underwriters exercise their overallotment
option in full. EQT Corporation will hold a 92.5% limited partner
interest and a non-economic general partner interest in the
Partnership, or 91.5% if the underwriters exercise their
overallotment option in full.
Barclays, Goldman, Sachs & Co., BofA Merrill Lynch,
Citigroup, Credit Suisse, Deutsche Bank Securities, J.P. Morgan,
RBC Capital Markets and Wells Fargo Securities are acting as joint
book-running managers for the offering; MUFG, BNP PARIBAS, PNC
Capital Markets LLC, Scotia Howard Weil, SunTrust Robinson
Humphrey, Ladenburg Thalmann, Oppenheimer & Co. and U.S.
Capital Advisors are acting as co-managers for the offering.
This offering of common units will be made only by means of a
prospectus. When available, a written prospectus, which meets the
requirements of Section 10 of the Securities Act of 1933, may be
obtained through:
Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
barclaysprospectus@broadridge.com
Telephone: 1-888-603-5847
Goldman, Sachs & Co.
Attn: Prospectus Department
200 West Street
New York, NY 10282
Telephone: 1-866-471-2526
prospectus-ny@ny.email.gs.com
BofA Merrill Lynch
Attn: Prospectus Department
222 Broadway
New York, NY 10038
Dg.prospectus_requests@baml.com
Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 1-800-831-9146
prospectus@citi.com
Credit Suisse
Attn: Prospectus Department
One Madison Avenue
New York, NY 10010
Atnewyork.prospectus@credit-suisse.com
Telephone: 1-800-221-1037
Deutsche Bank Securities
Attn: Prospectus Group
60 Wall Street
New York, NY 10005
Prospectus.CPDG@db.com
Telephone: 1-800-503-4611
J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 1-888-803-9204
RBC Capital Markets
Attn: Equity Syndicate
Three World Financial Center
200 Vesey Street, 8th Floor
New York, NY 10281
Telephone: 1-877-822-4089
equityprospectus@rbccm.com
Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, NY 10152
cmclientsupport@wellsfargo.com
Telephone: 1-800-326-5897
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About EQT GP Holdings,
LP:
EQT GP Holdings, LP is a limited partnership formed to own
partnership interests in EQT Midstream Partners, LP (NYSE: EQM), a
growth-oriented limited partnership formed by EQT Corporation to
own, operate, acquire, and develop midstream assets in the
Appalachian Basin. EQT Midstream Partners, LP provides midstream
services to EQT Corporation and third-party companies through its
strategically located transmission, storage, and gathering systems
that service the Marcellus and Utica regions. EQT Midstream
Partners, LP owns 700 miles and operates an additional 200 miles of
FERC-regulated interstate pipelines and also owns more than 1,600
miles of high- and low-pressure gathering lines.
Cautionary Statements
Disclosures in this press release contain certain
forward-looking statements. Statements that do not relate strictly
to historical or current facts are forward-looking. These
statements involve risks and uncertainties including, among others
that our business plans may change as circumstances warrant and
securities of the Partnership may not ultimately be offered to the
public because of general market conditions or other factors.
Accordingly, investors should not place undue reliance on
forward-looking statements as a prediction of actual results.
EQT GP Holdings, LPAnalyst inquiries:Nate Tetlow –
Investor Relations
Director412-553-5834ntetlow@eqtmidstreampartners.comorPatrick Kane
– Chief Investor Relations
Officer412-553-7833pkane@eqtmidstreampartners.comorMedia
inquiries:Natalie Cox – Corporate Director,
Communications412-395-3941ncox@eqtmidstreampartners.com
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