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EQT Midstream Partners Announces Public Offering Of Common Units

EQT Midstream Partners, LP (NYSE: EQM), an EQT Corporation company, announced today the commencement, subject to market conditions, of an underwritten public offering of 10,000,000 common units representing limited partner interests. EQT Midstream Partners, LP (Partnership) also intends to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 common units.

The Partnership intends to use the net proceeds from the offering to fund a portion of the cash distribution to be made to EQT Corporation in connection with the Partnership’s previously announced acquisition of Sunrise Pipeline, LLC (Sunrise).

The Partnership intends to use the net proceeds from the underwriters’ exercise of their option to purchase additional common units, if any, including any proportionate capital contribution from the Partnership’s general partner to maintain its 2% general partner interest in the Partnership, for general partnership purposes.

Citigroup, Barclays, BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan, RBC Capital Markets, and Wells Fargo Securities are acting as joint book-running managers for the offering. When available, copies of the preliminary prospectus supplement, prospectus supplement, and accompanying base prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission’s website at www.sec.gov or from the underwriters of the offering as follows:

Citigroup          

Barclays

c/o Broadridge Financial Solutions

c/o Broadridge Financial Solutions

1155 Long Island Avenue

1155 Long Island Avenue

Edgewood, NY 11717

Edgewood, NY 11717

Telephone: 1-800-831-9146

barclaysprospectus@broadridge.com

Telephone: 1-888-603-5847

 

BofA Merrill Lynch

Credit Suisse

Attn: Prospectus Department

Attn: Prospectus Department

222 Broadway

One Madison Avenue

New York, NY 10038

New York, NY 10010

dg.prospectus_requests@baml.com

atnewyork.prospectus@credit-suisse.com

 

Telephone: 1-800-221-1037
 
Deutsche Bank Securities Goldman, Sachs & Co.
Attn: Prospectus Group Attn: Prospectus Department
60 Wall Street 200 West Street
New York, NY 10005-2836 New York, NY 10282

prospectus.CPDG@db.com

prospectus-ny@ny.email.gs.com

Telephone: 800-503-4611 Telephone: 866-471-2526
 
J.P. Morgan RBC Capital Markets
c/o Broadridge Financial Solutions Attn: Equity Syndicate
1155 Long Island Avenue Three World Financial Center
Edgewood, NY 11717 200 Vesey Street, 8th Floor
Telephone: 1-888-803-9204 New York, NY 10281
Telephone: 877-822-4089
 
Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, NY 10152

cmclientsupport@wellsfargo.com

Telephone: 800-326-5897

The common units will be offered and sold pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, 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. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

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