EQT Midstream Partners, LP (NYSE: EQM), an EQT Corporation company, announced today that it has priced an offering of $500 million in aggregate principal amount of 4.00% senior notes due August 2024 at a price to the public of 99.422% of their face value. EQT Midstream Partners, LP (Partnership) expects the offering to close on August 1, 2014.
The Partnership intends to use the net proceeds from the offering to repay the amounts outstanding under its credit facility and for general Partnership purposes.
Deutsche Bank Securities, J.P. Morgan Securities LLC, and Goldman, Sachs & Co. are acting as representatives of the several underwriters for the offering. Copies of the preliminary prospectus supplement, prospectus supplement and accompanying base prospectus relating to the offering may be obtained, free of charge, on the Securities and Exchange Commission’s website at www.sec.gov or from the underwriters of the offering as follows:
Deutsche Bank Securities | J.P. Morgan Securities LLC | ||||||||||||
Attn: Prospectus Group | 383 Madison Avenue | ||||||||||||
60 Wall Street | New York, New York 10179 | ||||||||||||
New York, NY 10005-2836 | Attention: Investment Grade Syndicate Desk, 3rd Floor | ||||||||||||
Prospectus.CPDG@db.com | Telephone (collect): 212-834-4533 | ||||||||||||
Telephone: 800-503-4611 | |||||||||||||
Goldman, Sachs & Co. | |||||||||||||
Attn: Prospectus Department | |||||||||||||
200 West Street | |||||||||||||
New York, NY 10282 | |||||||||||||
Telephone: 866-471-2526 | |||||||||||||
This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
About EQT Midstream Partners:
EQT
Midstream Partners, LP is a growth-oriented limited partnership formed
by EQT Corporation to own, operate, acquire, and develop midstream
assets in the Appalachian Basin. The Partnership provides midstream
services to EQT Corporation and third-party companies through its
strategically located transmission, storage, and gathering systems that
service the Marcellus and Utica regions. The Partnership owns 700 miles
and operates an additional 200 miles of FERC-regulated interstate
pipelines; and also owns more than 1,600 miles of high- and low-pressure
gathering lines.
Cautionary Statements
Disclosures in this news
release contain certain forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, and
Section 27A of the Securities Act of 1933, as amended. Statements that
do not relate strictly to historical or current facts are
forward-looking. Without limiting the generality of the foregoing,
forward-looking statements contained in this news release specifically
include the expectations of plans, strategies, objectives and growth of
the Partnership and its subsidiaries, including guidance relating to the
expected consummation of the offering and the Partnership’s expected use
of proceeds from the offering. These statements involve risks and
uncertainties that could cause actual results to differ materially from
projected results. Accordingly, investors should not place undue
reliance on forward-looking statements as a prediction of actual
results. The Partnership has based these forward-looking statements on
current expectations and assumptions about future events. While the
Partnership considers these expectations and assumptions to be
reasonable, they are inherently subject to significant business,
economic, competitive, regulatory and other risks and uncertainties,
most of which are difficult to predict and many of which are beyond the
Partnership's control. The risks and uncertainties that may affect the
operations, performance and results of the Partnership's business and
forward-looking statements include, but are not limited to, those risks
discussed in the Partnership's most recent Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and other filings with the Securities and
Exchange Commission. Any forward-looking statement speaks only as of the
date on which such statement is made and the Partnership does not intend
to correct or update any forward-looking statement, whether as a result
of new information, future events or otherwise.
Contacts:
Analyst inquiries please contact:
Nate
Tetlow, 412-553-5834
Investor Relations Manager
ntetlow@eqtmidstreampartners.com
or
Patrick
Kane, 412-553-7833
Chief Investor Relations Officer
pkane@eqtmidstreampartners.com
or
Media
inquiries please contact:
Natalie Cox, 412-395-3941
Corporate
Director, Communications
ncox@eqtmidstreampartners.com