Equitrans’ EQM unit to repay some revolver debt via new note proceeds

By Sarah Lizee

Olympia, Wash., June 16 – Equitrans Midstream Corp. subsidiary EQM Midstream Partners LP plans to partially repay outstanding debt under its $3 billion revolving credit facility using proceeds from a new note offering, according to a press release.

The company announced Tuesday that it plans to price $800 million of senior notes in two parts.

Proceeds will also be used for general corporate purposes.

EQM owns and operates interstate pipelines and gathering lines primarily serving Marcellus Shale production. The company is based in Canonsburg, Pa.

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