PITTSBURGH, May 10, 2021 /PRNewswire/ -- EQT
Corporation (NYSE: EQT) (the "Company" or "EQT") today
announced that, subject to market conditions, it intends to
offer $1.0 billion in aggregate
principal amount of senior notes due 2026 and senior notes due 2031
(together, the "Notes" and such offering, the "Offering") in a
private placement to eligible purchasers under Rule 144A and
Regulation S of the Securities Act of 1933, as amended (the
"Securities Act").
EQT intends to use the net proceeds from the Offering, together
with cash on hand and/or borrowings under its revolving credit
facility, to fund the cash consideration relating to its previously
announced acquisition of Alta Resources Development, LLC's upstream
and midstream subsidiaries.
The Notes have not been registered under the Securities Act
or any state securities laws and may not be offered or sold in
the United States absent
registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state laws. The
Notes will be offered and sold only to persons reasonably believed
to be qualified institutional buyers in the United States pursuant to Rule 144A under
the Securities Act and to certain non-U.S. persons
outside the United States in
compliance with Regulation S under the Securities Act. This news
release is for informational purposes only and does not constitute
an offer to sell, or a solicitation of an offer to buy, the Notes,
nor shall there be any sale of the Notes in any state or
jurisdiction in which such offer, solicitation or sale is unlawful.
No assurance can be made that the Offering will be consummated on
its proposed terms or at all.
Investor Contact:
Andrew
Breese
Director, Investor Relations
412.395.2555
ABreese@eqt.com
About EQT Corporation
EQT Corporation is a leading
independent natural gas production company with operations focused
in the cores of the Marcellus and Utica Shales in the Appalachian
Basin. We are dedicated to responsibly developing our world-class
asset base and being the operator of choice for our stakeholders.
By leveraging a culture that prioritizes operational efficiency,
technology and sustainability, we seek to continuously improve the
way we produce environmentally responsible, reliable and low-cost
energy. We have a longstanding commitment to the safety of our
employees, contractors, and communities, and to the reduction of
our overall environmental footprint. Our values are evident in the
way we operate and in how we interact each day – trust, teamwork,
heart, and evolution are at the center of all we do.
Cautionary Statements
This news release contains
certain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Statements that
do not relate strictly to historical or current facts are
forward-looking. Statements regarding the Offering, including the
size thereof and the expected use of proceeds therefrom, are
forward-looking statements and are subject to known and unknown
risks and uncertainties that may cause actual results to differ
materially from those expressed in such forward-looking statements.
These risks and uncertainties include, but are not limited to, the
ability to complete the Offering on favorable terms, if at all,
general market conditions which might affect the Offering and the
consummation of the acquisition of Alta Resources Development,
LLC's upstream and midstream subsidiaries. Other risks relating to
the Company are described under Item 1A, "Risk Factors," and
elsewhere in the Company's Annual Report on Form 10-K for the year
ended December 31, 2020 and other
documents the Company files from time to time with the Securities
and Exchange Commission. In addition, the Company may be subject to
currently unforeseen risks that may have a materially adverse
impact on it. Any forward-looking statement speaks only as of the
date on which such statement is made, and the Company does not
intend to correct or update any forward-looking statement, whether
as a result of new information, future events or otherwise, except
as required by law.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/eqt-announces-private-offering-of-1-0-billion-of-new-senior-notes-301287444.html
SOURCE EQT Corporation