Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
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 Tendered notes may no longer be withdrawn, as withdrawal rights for the offer expired at 5:00 p.m. June 7 New York City time.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
A Year of Probable Improvement: The Energy Transition in 2024
2024-01-17 - The year ahead could include more technology stacking, commercialization of geothermal technologies and improved economic conditions, analysts say.
Energy Transition in Motion (Week of Feb. 16, 2024)
2024-02-16 - Here is a look at some of this week’s renewable energy news, including the outlook for solar and battery storage in the U.S.
First Solar Gunning for $1B More in 2024 Sales
2024-02-28 - Solar module manufacturer First Solar forecasts 2024 net sales of between $4.4 billion to $4.6 billion, with annual volumes sold ranging from 15.6 gigawatts (GW) to 16.3 GW.
Energy Transition in Motion (Week of Feb. 2, 2024)
2024-02-02 - Here is a look at some of this week’s renewable energy news, including a utility’s plans to add 3.6 gigawatts of new solar and wind facilities by 2030.
Strata Clean Energy Breaks Ground on Arizona Battery Storage Project
2024-01-19 - Renewables developer Strata Clean Energy broke ground on a new grid-scale battery storage project in Phoenix, Arizona.