EQT completes $705.8 million public offering of Waystar shares

NEW YORK - Investment fund EQT VIII announced today the completion of an underwritten public offering of approximately 18 million shares of Waystar Holding Corp. (NASDAQ:WAY), generating aggregate proceeds of approximately $705.8 million for all selling stockholders. EQT, which has delivered a remarkable 57% return over the past year according to InvestingPro data, continues to demonstrate strong market positioning.

EQT sold approximately 7.8 million shares in the transaction, receiving proceeds of about $304.5 million while retaining ownership of approximately 24.9 million shares. The remaining shares were sold by other Waystar stockholders.

J.P. Morgan Securities LLC served as the underwriter for the offering, which was completed today. Waystar Holding Corp. did not sell any shares in the offering and received no proceeds from the transaction.

The public offering represents a significant stock sale for EQT VIII, which continues to maintain a substantial position in Waystar following the transaction.

According to the press release statement, the offering was conducted through an affiliate of the fund known as EQT VIII.

Waystar Holding Corp. is a healthcare technology company that provides revenue cycle management software solutions to healthcare providers and organizations.

In other recent news, EQT Corporation has been active in securing long-term liquefaction capacity agreements. The company announced a 20-year Sale and Purchase Agreement with Commonwealth LNG for 1.0 million tonnes per annum, allowing EQT to market liquefied natural gas internationally. Additionally, EQT has entered into another 20-year agreement with NextDecade Corporation for 1.5 million tonnes per annum from the Rio Grande LNG facility in Texas. This deal is contingent on NextDecade’s final investment decision on Train 5.

Furthermore, an affiliate of EQT Infrastructure funds completed a public offering of 10 million shares of Kodiak Gas Services, generating $344 million in gross proceeds. Goldman Sachs & Co. LLC acted as the underwriter for this transaction. In a different sector, Endurance Investment Partners announced its launch and strategic partnership with Rice Investment Group, focusing on providing liquidity solutions for energy and infrastructure. These developments highlight EQT’s strategic moves in the energy sector and its focus on expanding its liquefaction capacity and financial activities.

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