Simpson Thacher recently represented the underwriters, led by J.P. Morgan Securities LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC, and Wells Fargo Securities, LLC in connection with a registered public offering by EQT Corporation (“EQT”) of $750 million aggregate principal amount of 5.750% Senior Notes due 2034. EQT intends to use the net proceeds to repay a portion of the borrowings under EQT’s term loan credit agreement.
Simpson Thacher also represented PNC Bank, National Association, as administrative agent in connection with the third amendment to EQT’s term loan credit agreement which, among other things, extended the maturity date of EQT’s term loan credit agreement.
EQT is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin.
The Simpson Thacher team included Jonathan Ozner, Jessica Ryan and Alex Michael (Capital Markets); Brandan Still (Banking and Credit); Michael Mann (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); Michael Isby (Environmental); and Andrew Pagliughi (Blue Sky).