This JV provides EQT with a large-scale equity capital solution at an accretive cost of capital. Additionally, EQT will retain the rights to growth projects associated with the assets contributed to the JV, including the planned Mountain Valley Pipeline (MVP) expansion and the MVP Southgate project. EQT plans to use funds from this deal to pay down its term loan, revolving credit facility, and redeem and tender for senior notes. Pro-forma for this transaction, along with the recent announcement of the divestiture of its remaining non-operated assets in northeast Pennsylvania, EQT expects to exit 2024 with approximately $9 billion of net debt. The deal is subject to customary closing adjustments, required regulatory approvals and clearances, and is expected to close in the fourth quarter of 2024. RBC Capital Markets acted as financial advisor to EQT. And Kirkland & Ellis LLP is serving as EQT's legal counsel on the transaction.