secwatch.observer — SEC 8-K summary
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Issuer:     DT Midstream, Inc. (DTM)
CIK:        0001842022
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001140361-24-047475
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DT Midstream prices upsized $366M equity offering to fund pipeline acquisition
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- Upsized offering of 3,625,000 shares at $101/share; gross proceeds $366.125M.
- Underwriters exercised in full 30-day option for 543,750 additional shares; net proceeds ~$405.5M.
- Proceeds, with $650M senior notes and credit facility, to fund buy of three ONEOK pipelines (Guardian, Midwestern Gas, Viking).
- Offering closed November 21; lead book-runner Barclays; acquisition closing not conditioned on offering.
- 45-day lock-up for officers and directors on common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842022/000114036124047475/0001140361-24-047475-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842022/000114036124047475/ny20038569x5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-047475

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