EQT AB Prices $500M Senior Notes Offering
- Editor
- May 1
- 1 min read
Whats Happening:
EQT AB has priced an offering of $500 million aggregate principal amount of 5.850% Senior Notes due 2035. The notes are priced at 99.783% of the principal amount, with interest payable semi-annually. The fund intends to use the net proceeds for general corporate purposes. The offering is expected to close on or about May 8, 2025, subject to customary conditions.
Key Moves:
EQT AB prices $500 million of 5.850% Senior Notes due 2035
Notes priced at 99.783% of principal amount with semi-annual interest payments
Proceeds to be used for general corporate purposes
By The Numbers:
$500 million aggregate principal amount of Senior Notes
5.850% interest rate on the Senior Notes
Notes priced at 99.783% of principal amount
Key Quotes:
"The Company intends to use the net proceeds of the Offering for general corporate purposes."
"The Offering is expected to close on or about May 8, 2025, subject to customary conditions precedent for similar transactions."
Bottom Line:
EQT AB's successful pricing of $500 million in Senior Notes demonstrates the fund's ability to access capital markets and secure long-term financing. This move provides EQT with additional financial flexibility for general corporate purposes, potentially supporting future investments or operational needs.
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