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EQT (EQT) has issued an update.
On July 22, 2024, EQT Corporation significantly expanded its financial flexibility by amending its Revolving Credit Agreement, increasing its borrowing capacity from $2.5 billion to $3.5 billion and extending the maturity date to 2029 with options for further extensions. This strategic move allows EQT to access more capital for a variety of corporate purposes, including working capital, share repurchases, and refinancing of debt, while maintaining favorable interest rates. Furthermore, EQT completed its acquisition of Equitrans, converting Equitrans stock into EQT stock, and appointed three former Equitrans board members to its board, thereby cementing the merger and enhancing the company’s governance structure.
Learn more about EQT stock on TipRanks’ Stock Analysis page.
