EQM Midstream Partners to repay term loan A with notes proceeds

By Sara Rosenberg

New York, Jan. 4 – EQM Midstream Partners LP plans to repay its term loan A due 2022 with a portion of the proceeds from a $1.9 billion senior notes offering, according to a market source.

Remaining proceeds from the notes will be used to purchase a portion of outstanding senior debt in a tender offer and for general partnership purposes.

The notes were upsized from $1.75 billion with the additional proceeds being used to increase the tender offer to $500 million from $350 million.

EQM is an acquirer and developer of midstream assets in the Appalachian Basin.

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