Latham & Watkins Advises Equitrans Midstream in Upsized Private Offering of Senior Notes

Equitrans Midstream Corporation (NYSE: ETRN) has announced that its wholly owned subsidiary, EQM Midstream Partners, LP (EQM), has priced an upsized offering of US$500 million aggregate principal amount of its 7.5% senior notes due 2027 and US$500 million aggregate principal amount of its 7.5% senior notes due 2030 (collectively, the Notes). The Notes will be issued at a price of par, and the offering is expected to close on June 7, 2022.

Latham & Watkins LLP represents Equitrans in the offering with a corporate deal team led by Houston partners Nick Dhesi and Ryan Maierson, with associates Om Pandya, Sydney Verner, Chad Leiper and Robert Cunningham. 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 partner Tim Fenn and Jared Grimley, with associates Dominick Constantino and Mike Rowe; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum; and on environmental matters by Houston partner Joel Mack and Los Angeles counsel Josh Marnitz.