Pittsburgh-headquartered EQT Corp. has priced an offering of $1 billion of its 6.125 percent senior notes due Feb. 1, 2025 and $750 million of its 7 percent senior notes due Feb. 1, 2030.

EQT expects to use the sale proceeds to redeem all of its outstanding floating rate notes due 2020 and all of its outstanding 2.5 percent senior notes due 2020, with the remaining proceeds to be used to repay or redeem other indebtedness, including all or a portion of its outstanding 4.875 percent senior notes due 2021.

EQT expects the offering to close on Jan. 21, 2020, subject to the customary closing conditions.

BofA Securities Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering.

EQT is a natural gas production company with emphasis in the Appalachian Basin and operations throughout Pennsylvania, West Virginia and Ohio.