secwatch.observer — SEC 8-K summary
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Issuer:     DT Midstream, Inc. (DTM)
CIK:        0001842022
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0000947871-24-000772
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842022/000094787124000772/0000947871-24-000772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842022/000094787124000772/ss3906985_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-24-000772

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