EQT 6.125% 01Feb2025 Corp (USD)

Bond Factsheet

Matured/ Called

EQT Corp

Indicative

Full Lot

Bid Price

100.150

Change in Bid Price

0.034

Bid Yield (%)

5.968 %

Change in Bid Yield

remove 0.036

Ask Price

100.169

Change in Ask Price

0.018

Ask Yield (%)

5.948 %

Change in Ask Yield

remove 0.019

Indicative price as of 14 Jun 2024, 12:00am

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Bond Information

EQT Corporation is an integrated energy company with emphasis on Appalachian area naturalgassupply, transmission, and distribution. The Company, through its subsidiaries, offer natural gas products to wholesale and retail customers.

Bond Issuer

EQT Corp

Guarantor

Announcement Date

15 Jan 2020

Issue Date

21 Jan 2020

Maturity Date

01 Feb 2025

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.125

Coupon Type

Fixed

Annual Coupon Rate

6.125

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

US26884LAH24

CUSIP

26884LAH2

Bond Currency

USD

Total Issue Size

1,000,000,000

Outstanding Issue Size

601,521,000

Min. Investment Quantity (Nominal)

USD 2,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

Corporate

Bond Sector

Energy

Bond Sub Sector

Oil, Gas and Consumable Fuels

Issuer Credit Rating (S&P/ Fitch)

***/ BBB-

Bond Credit Rating (S&P/ Fitch)

***/ BBB-

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Issuer Call

Notwithstanding the foregoing, if the notes of any series are redeemed on or after the Par Call Date with respect to such series of notes, the redemption price will be 100% of the principal amount of the notes of such series to be redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date.

"Par Call Date" means (i) with respect to the 2025 notes, January 1, 2025 (one month prior to the stated maturity date of the 2025 notes) .

Coupon Step

Interest Rate Adjustment

The interest rate payable on each series of notes will be subject to adjustment from time to time if either Moody's, S&P or Fitch, or, in any case, any Substitute Rating Agency downgrades (or subsequently upgrades) the credit rating assigned to the notes of such series, in the manner described below.

If the rating from Moody's (or any Substitute Rating Agency) of the notes of any series is decreased to a rating set forth in the immediately following table, the interest rate on the notes of such series will increase such that it will equal the interest rate payable on the notes of such series on the date of their issuance plus the percentage set forth opposite the ratings from the table below (plus, if applicable, the percentage set forth opposite the rating in the table under each of "—S&P Rating" and "—Fitch Rating"):

Moody's Rating*	Percentage
Ba2	0.25%
Ba3	0.50%
B1	0.75%
B2 or below	1.00%

If the rating from S&P (or any Substitute Rating Agency) of the notes of any series is decreased to a rating set forth in the immediately following table, the interest rate on the notes of such series will increase such that it will equal the interest rate payable on the notes of such series on the date of their issuance plus the percentage set forth opposite the ratings from the table below (plus, if applicable, the percentage set forth opposite the rating in the table under each of "—Moody's Rating" and "—Fitch Rating"):

S&P Rating*	Percentage
BB+	0.25%
BB	0.50%
BB-	0.75%
B+ or below	1.00%

If the rating from Fitch (or any Substitute Rating Agency) of the notes of any series is decreased to a rating set forth in the immediately following table, the interest rate on the notes of such series will increase such that it will equal the interest rate payable on the notes of such series on the date of their issuance plus the percentage set forth opposite the ratings from the table below (plus, if applicable, the percentage set forth opposite the rating in the table under each of "—Moody's Rating" and "—S&P Rating"):

Fitch Rating*	Percentage
BB+	0.25%
BB	0.50%
BB-	0.75%
B+ or below	1.00%

*including the equivalent ratings of any Substitute Rating Agency.

Make Whole Call

We may redeem the notes of any series at our option, at any time and from time to time, in whole or in part, at a redemption price equal to the greater of:

•100% of the principal amount of the notes of such series to be redeemed plus accrued and unpaid interest thereon to the date of redemption; and

•the sum of the present values of the remaining scheduled payments of principal and interest on the notes of such series to be redeemed (assuming that such notes matured on their applicable Par Call Date)exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30 day months) at the applicable Treasury Rate plus 50 basis points in the case of the 2025 notes plus accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption.

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