EQT Closes Midstream Joint Venture with Blackstone Credit & Insurance [Yahoo! Finance]
EQT Corporation (EQT)
Last eqt corporation earnings: 2/27 06:30 am
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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
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EQT
News
- Josh Brown calls EQT one of the best stocks in the market [CNBC]CNBC
- https://seekingalpha.com/article/4747256-eqt-dropped-breakeven-point [Seeking Alpha]Seeking Alpha
- EQT Completes Non-Operated Asset Divesture [Yahoo! Finance]Yahoo! Finance
- EQT Completes Non-Operated Asset DivesturePR Newswire
- Is EQT Corp. (EQT) Standing Strong Amid Market Decline? [Yahoo! Finance]Yahoo! Finance
EQT
Earnings
- 10/29/24 - Beat
EQT
Sec Filings
- 12/31/24 - Form 8-K
- 12/18/24 - Form 8-K
- 12/10/24 - Form 8-K
- EQT's page on the SEC website