DT Midstream amends credit agreement to replace Eurodollar Rate with Term SOFR for $1B term facility

DT Midstream, Inc.

Amendment replaces Eurodollar Rate with Term SOFR for the $1,000,000,000 Initial Term Facility.
Effective June 27, 2023; no written objection received from Required Term Lenders by Objection Deadline.
Outstanding Eurodollar Loans continue at existing rate until end of current Interest Period, then convert.
No new Eurodollar Loans may be requested after the effective date.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DT Midstream, Inc. amended Amendment No. 2 to Credit Agreement with the lenders and letter of credit issuers party thereto and Barclays Bank PLC, as administrative agent and collateral agent (effective 2023-06-27).

Action: amendment
Agreement: credit facility
Counterparty: the lenders and letter of credit issuers party thereto and Barclays Bank PLC, as administrative agent and collateral agent
Effective: 2023-06-27

Exact text from the filing

On June 27, 2023, DT Midstream, Inc. (the “Company”) entered into an Amendment No. 2 to Credit Agreement (the “Amendment”) amending certain of the terms of its Credit Agreement dated as of June 10, 2021 among the Company, as borrower, the lenders and letter of credit issuers party thereto and Barclays Bank PLC, as administrative agent (the “Administrative Agent”) and collateral agent (as amended, the “Amended Credit Agreement”).

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Source: SEC EDGAR

accession 0000947871-23-000708

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