Filed Pursuant to Rule 433
Registration Statement No. 333-148154

 

EQUITABLE RESOURCES, INC.

 

$500,000,000

 

6.50% Senior Notes due 2018

 

Final Term Sheet

 

March 13, 2008

 

 

Issuer:

 

Equitable Resources, Inc.

 

 

 

Note Type:

 

SEC Registered

 

 

 

Size:

 

$500,000,000

 

 

 

Maturity:

 

April 1, 2018

 

 

 

Coupon (Interest Rate):

 

6.500%

 

 

 

Yield to Maturity:

 

6.593%

 

 

 

Spread to Benchmark Treasury:

 

312.5 basis points

 

 

 

Benchmark Treasury:

 

U.S. Treasury 3.50% due February 15, 2018

 

 

 

Benchmark Treasury Price and Yield:

 

100-08+; 3.468%

 

 

 

Interest Payment Dates:

 

April 1 and October 1, commencing October 1, 2008

 

 

 

Make Whole Redemption Provision:

 

At any time at a discount rate of U.S. Treasury plus 50 basis points

 

 

 

Price to Public:

 

99.321%

 

 

 

Trade Date:

 

March 13, 2008

 

 

 

Settlement Date:

 

March 18, 2008 (T+3)

 

 

 

Ratings:

 

Baa1/BBB (stable/negative)

 

 

 

CUSIP:

 

294549AR1

 

 

 

Joint Book-Runners:

 

Banc of America Securities LLC

 

 

Citigroup Global Markets Inc.

 

 

J.P. Morgan Securities Inc.

 

 

Lehman Brothers Inc.

 

 

 



 

 

Senior Co-Managers:

 

Mitsubishi UFJ Securities International plc

 

 

PNC Capital Markets LLC

 

 

 

Co-Managers:

 

Barclays Capital Inc.

 

 

BMO Capital Markets Corp.

 

 

Deutsche Bank Securities Inc.

 

 

SunTrust Robinson Humphrey, Inc.

 

 

Wachovia Capital Markets, LLC

 

Note:  A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling or e-mailing Banc of America Securities LLC at 1-800-294-1322 or dg.prospectus_distribution@bofasecurities.com, or by calling Citigroup Global Markets Inc. at 1-877-858-5407 (toll free) or by calling J.P. Morgan Securities Inc. at 1-212-834-4533 (collect) or by calling Lehman Brothers Inc. at 1-888-603-5847 (toll free).

 

 

 

 

 

 

 

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