debt
confidence high
sentiment neutral
materiality 0.40
DT Midstream amends credit facility; extends revolver to 5-yr maturity, adds limited-condition acquisition provisions
DT Midstream, Inc.
- Extended revolving credit facility maturity to five years from December 12, 2024.
- Added 'limited condition transactions' provisions enabling future acquisitions with SunGard conditions.
- Canadian Imperial Bank of Commerce (CIBC) joined as new lender; U.S. Bank National Association exited as exiting lender.
- Amendment effective December 12, 2024; no defaults existed before or after amendment.
- Lender group includes Barclays, Bank of America, Citibank, JPMorgan, PNC, TD, Wells Fargo, CoBank, Fifth Third, Mizuho, Bank of Nova Scotia, Truist.