EQM Midstream Partners Announces Strategic, Bolt-on Acquisition
Vinson & Elkins advised Morgan Stanley Infrastructure Partners in a definitive agreement announced by Equitrans Midstream Corporation and EQM Midstream Partners, LP under which EQM will acquire a 60% interest in Eureka Midstream Holdings, LLC and a 100% interest in Hornet Midstream Holdings, LLC from a fund managed by Morgan Stanley Infrastructure Partners for total consideration of $1.03 billion, comprised of approximately $860 million in cash and approximately $170 million of assumed pro-rata debt.
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