EQT Midstream to pay down credit facility borrowings via note proceeds

By Tali Rackner

Norfolk, Va., July 28 – EQT Midstream Partners, LP plans to use the proceeds from a senior notes offering to repay the amounts outstanding under its credit facility, according to a 424B3 filing with the Securities and Exchange Commission.

As of June 30, there were $330 million of borrowings outstanding under the facility, which matures on Feb. 18, 2019.

Proceeds will also be used for general partnership purposes.

EQT Corp. is an energy company based in Pittsburg. EQT Midstream provides gathering, transmission and storage services for EQT’s produced gas and for third parties.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.