EQM intends to use the net proceeds from the offering to repay the amounts outstanding under its 364-day term loan facility and for general partnership purposes. In addition, if the proposed merger between EQM and Rice Midstream Partners LP (NYSE: RMP) (RMP) is consummated, EQM intends to use a part of the net proceeds from the offering to repay the amounts outstanding under RMP’s revolving credit facility.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, Deutsche Bank Securities Inc., PNC Capital Markets LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC, and U.S. Bancorp Investments, Inc. are acting as joint book-running managers for the offering. SMBC Nikko Securities America, Inc., Citizens Capital Markets, Inc., The Huntington Investment Company, and CIBC World Markets Corp. are acting as co-managers for the offering.
Baker Botts L.L.P. represented EQM in the public offering.
Baker Botts Lawyers/Office Involved:
Corporate: Mollie Duckworth (Partner, Austin); Josh Davidson (Partner, Houston); Jennifer Wu (Associate, Austin); Leah Davis (Associate, Austin)
Finance: Jon Finelli (Special Counsel, New York)
Tax: Mike Bresson (Partner, Houston); Jared Meier (Associate, Houston)
Environmental:Matt Kuryla (Partner, Houston); Laura Williams (Associate, Houston)
Real Estate: Chris Wilson (Partner, Houston); Nina Culotta (Associate, Houston)
Regulatory: Brooksany Barrowes (Partner, Washington D.C.); Kyle Henne (Associate, Washington D.C.)
For more information, please see EQM’s news release by clicking here.
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