debt
confidence high
sentiment neutral
materiality 0.55
DT Midstream closes $600M 4.300% senior secured notes due 2032; proceeds repay term loan
DT Midstream, Inc.
- $600M aggregate principal amount of 4.300% Senior Secured Notes due April 15, 2032 issued.
- Net proceeds used to partially repay existing indebtedness under term loan facility; transaction leverage-neutral.
- Notes are guaranteed by certain subsidiaries and secured by a first priority lien on assets that also secure existing credit facilities.
- Interest payable semi-annually on April 15 and October 15, starting October 15, 2022.