PITTSBURGH--(BUSINESS WIRE)--EQT Corporation (NYSE: EQT) announced today that it has priced an offering of $1.0 billion in aggregate principal amount of its 6.125% senior notes due February 1, 2025 and $750 million in aggregate principal amount of its 7.000% senior notes due February 1, 2030. The notes are being sold to the public at par. EQT expects the offering to close on January 21, 2020, subject to the satisfaction of customary closing conditions.

EQT expects to use the net proceeds from the sale of the notes to redeem all of its outstanding floating rate notes due 2020 and all of its outstanding 2.500% senior notes due 2020, with the remaining proceeds to be used to repay or redeem other indebtedness of the Company, including all or a portion of its outstanding 4.875% senior notes due 2021.

About EQT Corporation

EQT Corporation is a natural gas production company with emphasis in the Appalachian Basin and operations throughout Pennsylvania, West Virginia and Ohio. With 130 years of experience and a long-standing history of good corporate citizenship, EQT is the largest producer of natural gas in the United States. As a leader in the use of advanced horizontal drilling technology, EQT is committed to minimizing the impact of drilling-related activities and reducing its overall environmental footprint. Through safe and responsible operations, EQT is helping to meet our nation’s demand for clean-burning energy, while continuing to provide a rewarding workplace and support for activities that enrich the communities where its employees live and work.