Kirkland Counsels Magnetar and GSO on Preferred Equity Investment in EQM and Equitrans Midstream

Kirkland & Ellis represented affiliates of Magnetar Capital and GSO Capital Partners as lead investors in connection with the simplification merger of EQM Midstream Partners, LP (NYSE: EQM) and Equitrans Midstream Corporation (NYSE: ETRN) and the associated redemption and rollover into preferred equity at ETRN of $1.2 billion of the investors’ Series A Convertible Preferred Units of EQM.

The Kirkland team was led by transactional partners John Pitts and David Thompson and associates Will Mabry, Paul Knowlton, Hannah Marshall and Efren Lemus; capital markets partner Julian Seiguer and associate Mark Kam; debt finance partner Will Bos and associate Mitch McClellan; oil and gas partner Chris Heasley; and tax partners David Wheat, Mark Dundon and Bill Dong and associate Victoria Chang.