8-KRegulation FDExhibits & Filings

EQT Corp 8-K Report, Regulation FD Disclosure (Sep 27, 2005)

Filed September 27, 2005For Securities:EQT

Summary

EQT Corporation (EQT) announced on September 27, 2005, its intention to issue senior notes in a private placement, with an initial principal amount of $150 million, potentially increasing to $200 million. These notes are slated for a 2015 maturity, though they have an initial maturity around ninety days after issuance, with an automatic extension to ten years upon registration with the Pennsylvania Public Utility Commission. The primary stated purpose for this debt issuance is to finance long-term capital expenditures. However, the immediate use of the proceeds will be to reduce the company's outstanding commercial paper. In conjunction with this offering, EQT will also be disclosing to potential investors certain information that has not been previously reported, as detailed in Exhibit 99.1.

Key Highlights

  • 1EQT Corp plans a private placement of senior notes totaling $150 million, with an option to increase to $200 million.
  • 2The notes are intended to mature in 2015 but feature an initial maturity of approximately 90 days.
  • 3Maturity automatically extends to ten years upon registration with the Pennsylvania Public Utility Commission.
  • 4Proceeds will primarily fund long-term capital expenditures.
  • 5Initially, the proceeds will be used to reduce outstanding commercial paper.
  • 6EQT will disclose previously non-public information to potential investors in connection with the offering.

Frequently Asked Questions

The primary purpose of the senior notes issuance is to finance long-term capital expenditures for EQT Corporation. However, the immediate application of the funds will be to reduce the company's existing commercial paper outstanding.

The senior notes are expected to mature in 2015. However, they have an initial maturity of about ninety days after issuance. This maturity date will automatically extend to ten years from the initial issuance date if a securities certificate for the notes is registered with the Pennsylvania Public Utility Commission before the initial maturity.

EQT Corporation intends to raise an initial principal amount of $150,000,000 through this private placement. The company also has the option to increase this amount to a maximum of $200,000,000.

Yes, in connection with the offering of these senior notes, EQT will disclose certain information to potential investors that has not been publicly reported. This information is attached as Exhibit 99.1 to the 8-K filing.