EQT Corporation Prices Tender Offer to Repurchase $1.4B Notes, Accepts $402M 3.900% and $548M 6.375%
EQT Corporation will repurchase up to $1.4B of senior notes, accepting $402.35M of 3.900% 2027 notes at $994.16, $547.74M of 6.375% 2029 notes at $1,032.04 and $435.02M of 4.50% 2029 notes at $999.29 per $1,000. Settlement is expected March 26, 2026, with a $30 early tender premium plus accrued interest.
1. Tender Offer Overview
EQT Corporation launched a cash tender offer to repurchase up to $1.4 billion of outstanding senior notes across eight series maturing between 2027 and 2031, subject to acceptance priority levels and subcaps.
2. Acceptance and Pricing Details
As of the early tender date, EQT accepted $402.35 million of its 3.900% senior notes due 2027 at a total consideration of $994.16 per $1,000, $547.74 million of 6.375% notes due 2029 at $1,032.04 per $1,000, and $435.02 million of 4.50% notes due 2029 at $999.29 per $1,000, with the 3.900% and 4.50% series prorated at 61.3% and 61.7%, respectively.
3. Settlement and Premium
Payment for accepted notes is expected on March 26, 2026, and holders will receive an early tender premium of $30 per $1,000 plus accrued and unpaid interest up to the settlement date.