EQT Midstream Partners, LP, a Delaware limited partnership (the Partnership) and an EQT Corporation company, today completed its initial public offering of 14,375,000 common units representing limited partner interests at $21.00 per common unit. The number of common units issued at closing included 1,875,000 common units that were issued pursuant to the full exercise of the underwriters’ over-allotment option. The Partnership received net proceeds of approximately $282 million from the offering, after deducting the underwriting discount and structuring fee, but before taking into account estimated offering expenses. The common units of the Partnership trade on the New York Stock Exchange under the symbol EQM.
The common units sold to the public represent a 40.6% limited partner interest in the Partnership. EQT Corporation holds the 2% general partner interest and the remaining 57.4% limited partner interest in the Partnership.
Citigroup, Barclays, BofA Merrill Lynch, Credit Suisse, J.P. Morgan and Wells Fargo Securities acted as joint book-running managers for the offering. Deutsche Bank Securities, Goldman, Sachs & Co. and RBC Capital Markets acted as co-managers for the offering.
This offering of common units is made only by means of a prospectus. A written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through:
|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|
|BofA Merrill Lynch||Credit Suisse|
|222 Broadway, 7 th Floor||Attention: Prospectus Department|
|New York, NY 10038||One Madison Avenue|
|Attention: Prospectus Department||New York, NY 10010|
|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|