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EQT Corporation
EQT Corporation
06/18/2012 | Press release
EQT Midstream Partners, LP Commences Initial Public Offering
distributed by noodls on 06/18/2012 17:42
EQT Midstream Partners, LP Commences Initial Public Offering
PITTSBURGH--(BUSINESS WIRE)-- EQT Midstream Partners, LP, a Delaware limited partnership (the Partnership) and an EQT Corporation company, today announced it has commenced an initial public offering of 12,500,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (SEC). The underwriters will be granted a 30-day option to purchase up to an additional 1,875,000 common units. The common units of the Partnership will be listed and traded on the New York Stock Exchange, under the symbol "EQM."
The common units being offered to the public represent a 35.3% limited partner interest in the Partnership, or 40.6% limited partner interest if the underwriters exercise their over-allotment option in full. EQT Corporation will hold a 2% general partner interest and a 62.7% limited partner interest in the Partnership, or 57.4% if the underwriters exercise their over-allotment option in full. Citigroup, Barclays, BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the offering; Deutsche Bank Securities, Goldman, Sachs & Co. and RBC Capital Markets are acting as co-managers for the offering.
This offering of common units will be made only by means of a prospectus. When available, a written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through:
| Citigroup | Barclays | ||
| Brooklyn Army Terminal Financial | c/o Broadridge Financial Solutions | ||
| Attention: Prospectus Dept. | 1155 Long Island Avenue | ||
| 140 58th Street, 8th Floor, |
Edgewood, NY 11717 |
||
| Brooklyn, NY 11220 | Telephone: 1-888-603-5847 | ||
| Telephone: 1-800-831-9146 | |||
| BofA Merrill Lynch | Credit Suisse | ||
| 222 Broadway, 7th Floor | Attention: Prospectus Department | ||
| New York, NY 10038 | One Madison Avenue | ||
| Attn: Prospectus Department | New York, NY 10010 | ||
| Telephone: 1-800-221-1037 | |||
| J.P. Morgan | Wells Fargo Securities | ||
| via Broadridge Financial Solutions | 375 Park Avenue | ||
| 1155 Long Island Avenue | New York, NY 10152 | ||
| Edgewood, NY 11717 | Attention: Equity Syndicate Dept. | ||
| Telephone: 1-866-803-9204 | Telephone: 1-800-326-5897 | ||
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About EQT Midstream Partners:
EQT Midstream Partners, LP is a growth-oriented master limited partnership formed by EQT Corporation to own, operate, acquire and develop midstream assets in the Appalachian basin. We provide midstream services to EQT Corporation and third-party companies through our two primary assets: Equitrans Transmission and Storage System, and Equitrans Gathering System. We have a 700 mile FERC-regulated, interstate pipeline system and more than 2,100 miles of FERC-regulated, low-pressure gathering lines.
Cautionary Statements
Disclosures in this press release contain certain forward-looking statements. Statements that do not relate strictly to historical or current facts are forward-looking. These statements involve risks and uncertainties including, among others that our business plans may change as circumstances warrant and securities of the Partnership may not ultimately be offered to the public because of general market conditions or other factors. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
EQT Midstream Partners, LP
Nate Tetlow - Investor Relations Manager, 412-553-5834
ntetlow@eqtmidstreampartners.com
or
EQT Corporation
Patrick Kane - Chief Investor Relations Officer,
412-553-7833
pkane@eqt.com
Source: EQT Midstream Partners, LP and EQT Corporation (EQT-IR)
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