Equitrans Midstream Corp

NYSE:ETRNUnited States

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• Equitrans Midstream Announces Full Redemption of Series A Perpetual Convertible Preferred Shares, from 14 hours ago by Business Wire

  14 hours ago by Business Wire
  Companies Mentioned: ETRN

  Equitrans Midstream Corporation (NYSE: ETRN) (Equitrans) today announced that it has issued a notice of full redemption (the Redemption) for all issued and outstanding shares of its Series A Perpetual Convertible Preferred Shares, no par value (CUSIP: 294600-200) (the Preferred Stock). As previously announced, on March 10, 2024, Equitrans, EQT Corporation (EQT) and the other parties thereto entered into an Agreement and Plan of Merger (the Merger Agreement). On June 25, 2024, EQT delivered to Equitrans a written election exercising its right under Section 5.19 of the Merger Agreement to cause Equitrans to effect the Redemption. Notwithstanding the foregoing, Equitrans has no obligation to purchase and redeem the Preferred Stock unless EQT has deposited with Equiniti Trust Company, LLC, Equitrans' paying agent for the Preferred Stock (the Paying Agent), sufficient funds to effect the Redemption, and the deposit of such funds and any instructions and authority to pay such funds to holders of the Preferred Stock (Holders) in the Redemption has occurred at least one hour prior to the consummation of the proposed merger transaction between Equitrans and EQT (the Merger). In the event the Merger will not be consummated, the Redemption will not be effected. In addition, the Redemption will supersede elections made by Holders in connection with the Notice of Change of Control mailed to Holders on or about June 24, 2024, and such elections shall have no force or effect once the Redemption occurs. In lieu of their election, Holders will have their Preferred Stock redeemed in full. Such redemption is expected to occur on July 22, 2024 (or such later date as may be contemplated by virtue of the timing of the consummation of the Merger) (the Redemption Date).

• Press Release: Equitrans Midstream Announces Full Redemption of Series A Perpetual Convertible Preferred Shares, from 14 hours ago by Dow Jones

  14 hours ago by Dow Jones
  Companies Mentioned: ETRN

• Equitrans Midstream Announces Full Redemption of Series A Perpetual Convertible Preferred Shares, from 14 hours ago by Dow Jones

  14 hours ago by Dow Jones
  Companies Mentioned: ETRN
  
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