Equitrans Midstream’s Strategic Senior Notes Offering and Debt Management

Equitrans Midstream Corporation (ETRN) has released an update.

EQM Midstream Partners, LP, a subsidiary of Equitrans Midstream Corporation, has entered into a purchase agreement for a private offering of $600 million in senior notes, with the sale managed by Wells Fargo Securities and partners. The offering, expected to close on February 26, 2024, will be exempt from registration under the Securities Act and is intended to repay existing debt and for general purposes. The agreement includes standard conditions, representations, and indemnity provisions, with the involved financial institutions also having existing banking relationships and interests in EQM’s financial arrangements.

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