Equitrans Midstream Corp.
Description
Priced an upsized offering of $800 million senior notes due 2029 and $1.1 billion senior notes due 2031. Proceeds will be used by subsidiary EQM Midstream Partners LP to repay outstanding term loan borrowings, purchase a portion of its outstanding indebtedness in tender offers and for general partnership purposes. Any remaining proceeds will be used to repay certain of its outstanding indebtedness, including borrowings under its $3 billion credit facility, or to prefund capital expenditures and/or capital contributions to Mountain Valley Pipeline LLC.