Joint venture for pipeline stakes is latest example of companies using private capital firms for balance sheet relief

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Blackstone strikes $3.5bn financing deal with energy group EQT

EQT Corp. announced on Monday that the natural gas transmission assets it acquired when it bought Equitrans Midstream Corp. in July will be part of a joint...

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Pittsburgh Post-Gazette

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EQT sells stake in Equitrans assets to Blackstone for $3.5 billion

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EQT Corporation has agreed to sell minority interests in two of its pipelines, plus transmission and storage assets, to funds managed by Blackstone Credit & Insurance in a $3.5 billion cash deal to form a midstream joint venture. Under the terms of the transaction, Blackstone will provide EQT $3.5 billion of cash consideration in exchange for a non-controlling common equity interest in the joint venture, the U.S. natural gas giant said on Monday…

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EQT and Blackstone Create $3.5-Billion Joint Venture

PITTSBURGH, Nov. 25, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) announced today that it has entered into a definitive agreement with funds managed by Blackstone Credit & Insurance (“BXCI”), to form a new midstream joint venture (the “JV”) consisting of EQT’s ownership interest in high quality contracted infrastructure assets: (i) Mountain Valley Pipeline, LLC – ...

Energy News for the United States Oil & Gas Industry | EnergyNow.com

EQT announces $3.5 billion midstream joint venture with Blackstone Credit & Insurance - Energy News, Top Headlines, Commentaries, Features & Events

This story was supported by the Pulitzer Center. One morning in late September, on the shores of Lake Erie, Toby Rice took the stage before a room of fracking executives and gas industry types working in the Marcellus Shale.  “I was in New York City the past three days for Climate Week,” he said. “I only got flipped off one time, so I think they’re warming up to us.”  In a speech Rice would later call the “Shalennial Situation Report,” the presi…

PublicSource | News for a better Pittsburgh…

EQT’s Toby Rice poised for profits and pipelines after GOP wins

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blackstone has agreed to buy a joint venture stake in interstate pipelines from US energy group EQT in a complex financing manoeuvre that shows how some of the biggest corporations are turning to private capital […]

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Blackstone strikes $3.5bn financing deal with energy group EQT – Sky News: The Latest News from the World

Blackstone will pay $200 million for a quartet of retail properties in SoHo, according to published reports. The seller is Maryland-based ASB Real Estate Investments, which paid $204 million over a span of four years starting in 2012 to acquire the properties. The portfolio totals 131,247 square feet. It includes the following properties: 
61 Crosby St. – 32,400 square feet – office/retail: Sister, Bower RE, Comcast major tenants  
72-76 Greene …

Connect CRE

Blackstone Scoops Up SoHo Retail for $200M - Connect CRE

EQT, a US-based natural gas producer, has announced a midstream joint venture (JV) with Blackstone Credit & Insurance (BXCI).

offshore-technology.com

EQT forms midstream joint venture with Blackstone unit

Just about one month ago, Reuters reported that sources “familiar with the matter” whispered to its reporters that private equity firm Blackstone is “in advanced talks” to acquire minority stakes in the interstate natural gas pipelines now owned by EQT Corp. (following its purchase of Equitrans Midstream) for a whopping $3.5 billion (see Blackstone Seeks...
The post Reuters Was Right – Blackstone Paying EQT $3.5B for Pipeline Stake first appeare…

Marcellus Drilling News | Helping People & Businesses Profit from Marcellus & Utica Shale Drilling

Reuters Was Right – Blackstone Paying EQT $3.5B for Pipeline Stake

The $56.4bn-managing Illinois Municipal Retirement Fund has picked out EQT's mammoth new flagship Asia fund among $250m of new alternative investment commitments. The post Pension major IMRF picks big EQT Asia fundraise, new Francisco Partners credit vehicle among latest commitments appeared first on AltAssets Private Equity News.

Blackstone strikes $3.5bn financing deal with energy group EQT

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