EQT Midstream Partners Prices Senior Notes

EQT Midstream Partners (EQM) said after markets closed on Wednesday that it has priced an offering of $1.1 billion of its 4.75% senior notes due 2023, $850 million of its 5.5% senior notes due 2028, and $550 million of its 6.5% senior notes due 2048, at prices to the public of 99.761%, 99.538%, 99.055% of their face value, respectively.

The partnership expects the offering to close on Monday.

The partnership said it will use the net proceeds from the offering to repay the amounts outstanding under its 364-day term loan facility.

In addition, if the proposed merger between the partnership and Rice Midstream Partners (RMP) is consummated, the partnership will use a portion of the net proceeds from the offering to repay the amounts outstanding under RMP’s revolving credit facility.