EQT Midstream Partners, LP (NYSE:EQM) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry Into a Material Definitive Agreement.
On December7, 2017, EQT Corporation (EQT), EQT Gathering, LLC (EQT Gathering), Equitrans, L.P. (Equitrans), EQT Midstream Partners, LP (EQM), and EQT Midstream Services, LLC, the general partner of EQM (the EQM General Partner), entered into a Secondment Agreement (the Secondment Agreement). The Secondment Agreement:
· provides that EQM will utilize the secondment of available EQT employees under the control of EQM to operate its assets; and
· removed the designation of EQT Gathering as the operator of EQM’s assets and, as a result, the operation of all EQM’s assets are now under the management and direction of EQM.
The foregoing description of the Secondment Agreement is only a summary, and is subject to and qualified in its entirety by reference to the full text of the Secondment Agreement, a copy of which is filed as Exhibit10.1 to this Current Report on Form8-K, and incorporated herein by reference.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On December7, 2017, the EQM General Partner entered into Amendment No.3 (the Amendment) to the First Amended and Restated Agreement of Limited Partnership of EQM, dated as of July2, 2012, as amended, in response to certain changes to the Internal Revenue Code enacted by the Bipartisan Budget Act of 2015 relating to partnership audit and adjustment procedures.
The foregoing description of the Amendment in this Current Report does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit3.1 to this Current Report on Form8-K, and is incorporated herein by reference.