secwatch.observer — SEC 8-K summary
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Issuer:     DT Midstream, Inc. (DTM)
CIK:        0001842022
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0000947871-24-000988
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842022/000094787124000988/0000947871-24-000988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842022/000094787124000988/ss4208657_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-24-000988

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