EQM Announces Upsizing and Pricing of Private Offering of Senior Notes

6/16/20

CANONSBURG, Pa.--(BUSINESS WIRE)--EQM Midstream Partners, LP (NYSE: EQM), a subsidiary of Equitrans Midstream Corporation (NYSE: ETRN), today, announced that it has priced an upsized offering of $700.00 million in aggregate principal amount of its 6.000% senior notes due 2025; and $900.00 million in aggregate principal amount of its 6.500% senior notes due 2027. This represents an increase of $800.00 million in the combined aggregate principal amount of the Notes from the previously announced amount. EQM intends to use the net proceeds from the offering of the Notes to partially repay outstanding borrowings under its $3 billion revolving credit facility and for general partnership purposes. Subject to the satisfaction of customary closing conditions, the offering is expected to close on June 18, 2020.

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