Rice Midstream Partners Unitholders Approve Merger with EQT Midstream Partners
July 20 2018 - 8:45AM
Business Wire
EQT Midstream Partners, LP (NYSE: EQM) and Rice Midstream
Partners LP (NYSE: RMP) today announced unitholder approval of
RMP’s previously announced merger transaction with EQM. At today’s
RMP special meeting of unitholders, approximately 81.8% of RMP’s
outstanding common units were voted, with approximately 99.9% of
those votes cast in favor of the merger. The parties expect the
transaction to close on Monday, July 23, 2018.
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the full release here:
https://www.businesswire.com/news/home/20180720005223/en/
About EQT Midstream
Partners:
EQT Midstream Partners, LP is a growth-oriented limited
partnership formed by EQT Corporation to own, operate, acquire, and
develop midstream assets in the Appalachian Basin. The Partnership
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.
The Partnership owns approximately 950 miles of FERC-regulated
interstate pipelines and approximately 1,950 miles of high- and
low-pressure gathering lines.
Visit EQT Midstream Partners, LP at
www.eqtmidstreampartners.com.
About EQT GP Holdings:
EQT GP Holdings, LP is a limited partnership that owns the
general partner interest, all of the incentive distribution rights,
and a portion of the limited partner interests in EQT Midstream
Partners, LP; as well as the incentive distribution rights in Rice
Midstream Partners LP. EQT Corporation owns the general partner
interest and a 91% limited partner interest in EQT GP Holdings,
LP.
Visit EQT GP Holdings, LP
at www.eqtmidstreampartners.com.
About Rice Midstream
Partners:
Rice Midstream Partners LP is a fee-based, growth-oriented
limited partnership formed to own, operate, develop and acquire
midstream assets in the Appalachian basin. RMP provides midstream
services to EQT Corporation and third-party companies through its
natural gas gathering, compression and water assets in the rapidly
developing dry gas cores of the Marcellus and Utica Shales.
Visit Rice Midstream Partners LP at www.ricemidstream.com.
Cautionary Statements
Disclosures in this news release contain certain forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended. Statements that do not relate strictly to
historical or current facts are forward-looking. Without limiting
the generality of the foregoing, forward-looking statements
contained in this news release specifically include the
expectations of plans, strategies, objectives and growth and
anticipated financial and operational performance of EQM and RMP,
including whether the transactions described in this news release
are completed, as expected or at all, and the timing of any such
transactions; whether the conditions to the transactions can be
satisfied; whether the operational, financial and strategic
benefits of the transactions can be achieved; whether the costs and
expenses of the transactions can be controlled within expectations;
potential adverse reactions or changes to business or employee
relationships, including those resulting from the announcement or
completion of the transactions; competitive responses to the
transactions; the possibility that the anticipated benefits of the
transactions are not realized when expected or at all; the
possibility that the transactions may be more expensive to complete
than anticipated, including as a result of unexpected factors or
events; diversion of management’s attention from ongoing business
operations and opportunities; potential adverse reactions or
changes to business or employee relationships, including those
resulting from the announcement or completion of the transactions;
and litigation relating to the transactions. These forward looking
statements involve risks and uncertainties that could cause actual
results to differ materially from projected results. Accordingly,
investors should not place undue reliance on forward-looking
statements as a prediction of actual results. EQM and RMP have
based these forward-looking statements on current expectations and
assumptions about future events. While EQM and RMP consider these
expectations and assumptions to be reasonable, they are inherently
subject to significant business, economic, competitive, regulatory
and other risks and uncertainties, many of which are difficult to
predict and beyond the partnerships’ control. The risks and
uncertainties that may affect the operations, performance and
results of EQM’s and RMP’s business and forward-looking statements
include, but are not limited to, those set forth under Item 1A,
“Risk Factors” of the Form 10-K for the year ended December 31,
2017 as filed with the Securities and Exchange Commission (SEC) of
each of EQM and RMP, in each case as may be updated by any
subsequent Form 10-Qs. Any forward-looking statement speaks only as
of the date on which such statement is made, and neither of EQM or
RMP intends to correct or update any forward-looking statement,
whether as a result of new information, future events or
otherwise.
Additional Information and Where to Find It
In connection with the proposed transaction, EQM has filed with
the SEC a registration statement on Form S-4 that contains a proxy
statement of RMP and also constitutes a prospectus of EQM. The
registration statement was declared effective by the SEC on June
20, 2018 and RMP commenced mailing the definitive proxy
statement/prospectus to its unitholders on or about June 20, 2018.
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval. UNITHOLDERS OF RMP ARE URGED TO READ THE
DEFINITIVE PROXY STATEMENT/PROSPECTUS REGARDING THE TRANSACTION AND
ANY OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE
SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS,
BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION.
Investors may obtain a free copy of the registration statement
and the proxy statement/prospectus, as well as other filings
containing information about EQM and RMP, without charge, at the
SEC’s website (http://www.sec.gov). In addition, the documents
filed with the SEC by EQT Corporation and its publicly traded
subsidiaries (including EQM, RMP and EQGP) may be obtained free of
charge at the applicable website (www.eqt.com for EQT Corporation,
www.eqtmidstreampartners.com for EQGP and EQM, and
www.ricemidstream.com for RMP) or by requesting them by mail at EQT
Corporation, 625 Liberty Avenue, Suite 1700, Pittsburgh, PA 15222,
Attention: Investor Relations, or by telephone at (412)
553-5700.
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version on businesswire.com: https://www.businesswire.com/news/home/20180720005223/en/
EQT Midstream Partners / EQT GP Holdings / Rice Midstream
Partners analysts:Nate Tetlow, 412-553-5834Investor Relations
Directorntetlow@eqtmidstreampartners.comorEQT
analysts:Patrick Kane, 412-553-7833Chief Investor Relations
Officerpkane@eqt.comorMedia inquiries:Natalie Cox,
412-395-3941Corporate Director, Communicationsncox@eqt.com
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