PITTSBURGH--(BUSINESS WIRE)--EQT Midstream Partners, LP (NYSE: EQM) announced today that it has priced an offering of $500 million in aggregate principal amount of 4.125% senior notes due December 1, 2026 at a price to the public of 99.191% of their face value. EQT Midstream Partners, LP (Partnership) expects the offering to close on November 4, 2016.
The Partnership intends to use the net proceeds from the offering to repay the amounts outstanding under its credit facility and for general partnership purposes.
About EQT Midstream Partners:
EQT Midstream Partners, LP is a growth-oriented limited partnership formed by EQT Corporation to own, operate, acquire, and develop midstream assets in the Appalachian Basin. The Partnership provides midstream services to EQT Corporation and third-party companies through its strategically located transmission, storage, and gathering systems that service the Marcellus and Utica regions. The Partnership owns approximately 950 miles of FERC-regulated interstate pipelines; and also owns approximately 1,800 miles of high- and low-pressure gathering lines.