Kirkland Counsels BlackRock, GSO and Magnetar on $1.1 Billion Preferred Equity Investment in EQM Midstream Partners

Kirkland & Ellis represents BlackRock, GSO Capital Partners and Magnetar Capital as lead purchasers of $1,100 million of newly issued Series A Convertible Preferred Units of EQM Midstream Partners, LP (NYSE: EQM), a growth-oriented master limited partnership formed to own, operate, acquire and develop midstream assets in the Appalachian Basin, proceeds of which will be used to fund EQM’s $1,030 million acquisition of 60 percent of Eureka Midstream and 100% of Hornet Midstream from Morgan Stanley Infrastructure Partners.

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The Kirkland team is led by transactional partners John Pitts, Kevin Crews and Sam Peca and associates Allan Kirk, Paul Rogers Knowlton, Hannah Marshall, Efren Lemus, Zain Rifat and David Wilson; tax partners David Wheat, Mark Dundon and Lane Morgan and associate William Dong; and capital markets partner Julian Seiguer and associate Mark Kam.