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0 -0.00385521524951809 -0.00385521524951809 -0.00385521524951809 0 0 -0.00107089312486623 0.000214178624973185
Stock impact report

EQT Closes Midstream Joint Venture with Blackstone Credit & Insurance [Yahoo! Finance]

EQT Corporation (EQT) 
Last eqt corporation earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
its subsidiaries, "EQT") announced today that it has closed on the formation and funding of its previously announced midstream joint venture ("JV") with an affiliate of Blackstone Credit & Insurance ("BXCI"; Blackstone (NYSE: BX)). EQT received $3.5 billion of cash consideration, net of certain transaction fees and expenses, from BXCI in exchange for a non-controlling common equity interest in the JV. EQT used the proceeds from this transaction to pay down its term loan and revolving credit facility and the bridge term loan facility that was used to fund the previously announced redemption and repurchase of certain senior notes of EQM Midstream Partners, LP, including pursuant to a tender offer, which expired and settled today. EQT Logo (June 2020) (PRNewsfoto/EQT Corporation) Advisors RBC Capital Markets, LLC acted as financial advisor to EQT. Kirkland & Ellis LLP served as EQT's legal counsel on the transaction. Citi acted as financial advisor to Blackstone. Milbank LLP served Show less Read more
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