EQT Corp. is upsizing its previously announced tender offer to purchase for cash up to $300 million aggregate principal amount of its outstanding 6.125% senior notes due 2025.
The tender offer amendment increases the aggregate principal amount of notes subject to the tender offer from $250 million.
The tender offer is being made upon and is subject to terms and conditions set in the offer to purchase, dated May 24. Tendered notes may no longer be withdrawn, as withdrawal rights for the offer expired at 5:00 p.m. June 7 New York City time.
June 7 was the last date and time for holders to tender notes in order to qualify to receive early tender consideration, which includes an early tender premium of $30 per $1,000 principal amount of notes.
Payment for notes accepted for purchase is to be made on June 9.
EQT does not plant to accept for purchase any tenders after June 7, even though the tender offer is scheduled to expire June 22, because holders of notes subject to the tender offer validly tendered and did not validly withdraw notes on or before June 7 in an aggregate principal amount that exceeds the maximum tender amount of $300 million.
Recommended Reading
Matador Stock Offering to Pay for New Permian A&D—Analyst
2024-03-26 - Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.
BP’s Kate Thomson Promoted to CFO, Joins Board
2024-02-05 - Before becoming BP’s interim CFO in September 2023, Kate Thomson served as senior vice president of finance for production and operations.
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
2024-02-05 - Magnolia’s dividend will rise 13% to $0.13 per share, the company said.
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
HighPeak Energy Authorizes First Share Buyback Since Founding
2024-02-06 - Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend.