DT Midstream closes $650M 5.800% senior secured notes offering; proceeds fund pending ONEOK acquisition

DT Midstream, Inc.

Issued $650M aggregate principal of 5.800% senior secured notes due Dec 15, 2034.
Net proceeds, with equity offering and revolver draws, to fund acquisition of Guardian Pipeline, Midwestern Gas, and Viking Gas from ONEOK.
$700M 364-day bridge loan facility terminated upon closing of notes.
Special mandatory redemption at 101% if pending acquisition not consummated by Nov 19, 2025.
Notes secured by first-priority lien on substantially all assets of the company and guarantors.

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