EQT Announces Pricing Of Offering Of Common Stock By Selling Shareholders
PITTSBURGH, Sept. 28, 2021 /PRNewswire/ -- EQT Corporation (NYSE: EQT) (the Company or EQT) today announced the pricing of an underwritten public offering of 25,930,000 shares of its common stock by certain shareholders at a price to the public of $20.00 per share (the Offering). Such selling shareholders, who had received the shares as a part of the Company's acquisition of Alta Resources Development, LLC's upstream and midstream subsidiaries, have granted the underwriters a 30-day option to purchase up to an additional 3,889,500 shares of the Company's common stock. EQT will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares being offered by the selling shareholders. The Offering is expected to close on October 1, 2021, subject to customary closing conditions.
Barclays and J.P. Morgan are acting as joint book-running managers for the Offering. The Offering is being made only by means of a prospectus supplement and the accompanying base prospectus, which was filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission (the SEC) on Form S-3. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained on the SEC's website at www.sec.gov or from: Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling 888-603-5847, or by emailing Barclaysprospectus@broadridge.com, or J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling (866) 803-9204, or by emailing email@example.com.
This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About EQT Corporation
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SOURCE EQT Corporation (EQT-IR)
Company Codes: NYSE:EQT
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