Equitable Resources, Inc. (NYSE: EQT) today announced that it intends,
subject to market conditions, to publicly offer 7,500,000 shares of its
common stock through an underwritten offering. The common stock will be
offered pursuant to an effective registration statement filed with the
Securities and Exchange Commission. The company intends to grant the
underwriters a 30-day option to purchase a maximum of 1,125,000
additional shares of its common stock to cover any over-allotments.
Equitable intends to use the net proceeds from the offering for general
corporate purposes, including for Appalachian natural gas drilling,
development and infrastructure projects.
Deutsche Bank Securities Inc., Banc of America Securities LLC, Credit
Suisse Securities (USA) LLC and Lehman Brothers Inc. are acting as joint
book-running managers for the offering. The offering is being made only
by means of a prospectus and related prospectus supplement, copies of
which, when available, may be obtained by mail from the offices of
Deutsche Bank Securities Inc., Attn: Prospectus Department, 100 Plaza
One, 2nd Floor, Jersey City, NJ, 07311, by telephone at (800) 503-4611
or by email to prospectus.cpdg@db.com;
by mail from the offices of Banc of America Securities LLC, Capital
Markets Operations, 100 West 33rd Street, 3rd Floor, New York, NY 10001
or by e-mail to dg.prospectus_distribution@bofasecurities.com;
by mail from the offices of Credit Suisse Securities (USA) LLC, Attn:
Prospectus Department, One Madison Avenue, New York, New York 10010 or
by telephone to (800) 221-1037; or by mail from the offices of Lehman
Brothers Inc., c/o Broadridge, Integrated Distribution Services, 1155
Long Island Avenue, Edgewood, NY 11717, by fax to (631) 254-7140, by
telephone to (888) 603-5847 or by e-mail to qiana.smith@broadridge.com.
An electronic copy of the prospectus will be available on the website of
the Securities and Exchange Commission at www.sec.gov.
Equitable Resources is a natural gas-focused energy company, with an
emphasis on Appalachian area natural gas activities, including
production, gathering, processing, transmission, storage and
distribution. For information please visit http://www.eqt.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or country in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any state or country.
