8-KThe WireRoutine
Reg FD Disclosure · Company Update
Filed Nov 25, 2024 · 1y ago · Accession 0001104659-24-122342
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event
reported): November 25, 2024
EQT
CORPORATION
(Exact name of registrant as specified in its
charter)
Pennsylvania
001-3551
25-0464690
(State
or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS
Employer
Identification No.)
625
Liberty Avenue , Suite 1700
Pittsburgh ,
Pennsylvania 15222
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including
area code: ( 412 ) 553-5700
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common
Stock, no par value
EQT
New
York Stock Exchange
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01. Regulation FD Disclosure.
On November 25, 2024, EQT Corporation (“EQT”)
issued a news release announcing its entry, through certain of its subsidiaries, including EQM Midstream Partners, LP (“EQM”),
into a definitive agreement to form a midstream joint venture (the “JV Transaction”) with an affiliate of Blackstone Credit
& Insurance, a copy of which is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. Also, as noted in the
news release, EQT has posted a presentation regarding the JV Transaction to its investor relations website, ir.eqt.com, under “Events
& Presentations.”
The information provided in this Item 7.01, including
the accompanying Exhibit 99.1, shall be deemed “furnished” and shall not be deemed “filed” for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability
of such section, nor shall it be incorporated by reference in any filing made by EQT pursuant to the Securities Act of 1933, as amended,
or the Exchange Act, regardless of the general incorporation language of such filing, except as expressly set forth by specific reference
in such filing.
Item 8.01. Other Events.
On November 25, 2024, EQT issued a news release
announcing the commencement of a tender offer by EQM to purchase for cash EQM’s outstanding 6.500% Senior Notes due 2048 (the “2048
Notes”), 5.500% Senior Notes due 2028 (the “2028 Notes”), 4.50% Senior Notes due 2029 and 7.500% Senior Notes due 2030
for an aggregate purchase price, excluding accrued and unpaid interest, of up to $1.275 billion (the “Tender Offer”). As announced
in such news release, in conjunction with the Tender Offer, EQM also commenced a consent solicitation with respect to proposed amendments
relating to the reporting covenants contained in the indentures governing the 2028 Notes and the 2048 Notes (the “Consent Solicitation”).
A copy of the news release announcing the Tender Offer and the Consent Solicitation is attached hereto as Exhibit 99.2.
Also on November 25, 2024, EQM plans to issue
a notice of redemption to the holders of its outstanding 6.000% Senior Notes due 2025 (the “2025 Notes”) and a notice of
redemption to the holders of its outstanding 4.125% Senior Notes due 2026 (the “2026 Notes”), in each case informing
such holders that it will redeem 100% of the outstanding aggregate principal amount of such notes on December 30, 2024 for the
redemption prices set forth in the indentures governing such notes. As of November 25, 2024, the outstanding
aggregate principal amount of the 2025 Notes was $400.0 million and the outstanding aggregate principal amount of the 2026 Notes was
$500.0 million.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
99.1
News Release, dated November 25, 2024, issued by EQT Corporation (relating to the JV Transaction).
99.2
News Release, dated November 25, 2024, issued by EQT Corporation (relating to the Tender Offer and the Consent Solicitation).
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
EQT CORPORATION
Date: November 25, 2024
By:
/s/ Jeremy T. Knop
Name:
Jeremy T. Knop
Title:
Chief Financial Officer
Filing details
- Company
- EQT Corp
- Ticker
- EQT
- CIK
- 33213
- Form type
- 8-K
- Filing date
- Nov 25, 2024
- Report date
- Nov 25, 2024
- Document
- tm2429194d1_8k.htm
- Size
- 297 KB