EQT Corporation announced that it has priced an underwritten public offering (the "Offering") of $1.0 billion in aggregate principal amount of senior notes consisting of $500 million in aggregate principal amount of its 5.678% senior notes due 2025 and $500 million in aggregate principal amount of its 5.700% senior notes due 2028 (together, the "Notes"). EQT expects the Offering to close on October 4, 2022, subject to the satisfaction of customary closing conditions. EQT intends to use the net proceeds from the Offering, together with cash on hand, borrowings under its revolving credit facility and/or borrowings under a new term loan facility, to fund the cash consideration relating to its previously announced acquisition of all of the issued and outstanding membership interests of each of THQ Appalachia I Midco, LLC and THQ-XcL Holdings I Midco, LLC (the "Acquisition").

If the Acquisition is not consummated on or before June 30, 2023 or if EQT notifies the trustee of the Notes that EQT will not pursue the consummation of the Acquisition, EQT will redeem the Notes then outstanding at a redemption price equal to 101% of the principal amount thereof plus accrued and unpaid interest thereon to, but excluding, the date on which the Notes are redeemed.