Latham & Watkins Advises Equitrans Midstream in Senior Notes Offering

Equitrans Midstream Corporation (NYSE: ETRN) (ETRN) has announced that its wholly owned subsidiary EQM Midstream Partners LP (EQM), has priced an offering of US$600 million in aggregate principal amount of its 6.375% senior notes due 2029. EQM intends to use the net proceeds from the offering of the notes to repay certain outstanding indebtedness and for general partnership purposes. The offering is expected to close on February 26, 2024.

Latham & Watkins LLP advised Equitrans Midstream in the transaction with a corporate team led by Houston partners Ryan Maierson and Nick Dhesi, with associates Paul Robe, Sydney Verner, Brian Bruzzo, and David Lee. Advice was also provided on finance matters by Houston partners Catherine Ozdogan and Matt Jones, with associates Max Fin and Michael Basist; on tax matters by Houston partners Tim Fenn and Jared Grimley, with associate Dominick Constantino; on benefits matters by Washington, D.C. partner Adam Kestenbaum; and on environmental matters by Houston/Los Angeles partner Josh Marnitz.