DT Midstream subsidiary issues $800M senior notes; DTM receives $420M distribution to repay debt

DT Midstream, Inc.

Millennium Pipeline Intermediate Holdings closed $800M private placement of senior unsecured notes at 5.88% weighted-average coupon.
DT Midstream received $420M distribution (net of fees) from Millennium Holdings, reflecting its 52.5% indirect interest.
Proceeds will be used to repay all outstanding Term Loan Facility borrowings under DT Midstream's Credit Agreement.
Net proceeds of the notes were distributed pro rata to joint venture owners upon closing.

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