EQT Corporation extended the expiration date for its exchange offers and consent solicitations for EQM Midstream Partners, LP (EQM) notes from March 24, 2025, to March 28, 2025. EQT also waived the condition that EQM receive the requisite number of consents to adopt proposed amendments for all Existing EQM Notes. As of March 7, 2025, EQM had received the necessary consents for all notes except the 5.500% Senior Notes due 2028.
The extension provides additional time for noteholders to participate in the exchange offers, while the waiver of the consent threshold condition for all notes ensures the restructuring can proceed even if full consent is not achieved for every series. This flexibility is important for EQT's ongoing efforts to simplify its capital structure and reduce debt. The settlement date for the exchange offers and consent solicitations is expected to be April 2, 2025.
Withdrawal and revocation rights for the exchange offers and consent solicitations expired on March 7, 2025, and were not extended. This means tendered notes can no longer be withdrawn, solidifying the participation in the restructuring process.
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