NYSE:EQTOil and Gas
EQT Debt Buyback Shifts Balance Sheet And May Support Undervalued Shares
EQT Corporation (NYSE:EQT) has launched a tender offer to repurchase up to US$1.15b of outstanding senior notes.
The company also announced a full redemption of its 6.500% Senior Notes due 2027.
The combined actions target a reduction in near and medium term debt and an adjustment of EQT's capital structure.
EQT is one of the largest US natural gas producers, so its balance sheet decisions tend to matter to investors who follow the broader energy and credit markets. This new debt initiative...