debt
confidence high
sentiment neutral
materiality 0.60
DT Midstream prices $650M 5.800% senior secured notes due 2034 for pipeline acquisition
DT Midstream, Inc.
- Priced $650M aggregate principal of 5.800% Senior Secured Notes due 2034.
- Notes are secured by first priority lien on certain assets and guaranteed by subsidiaries.
- Net proceeds will fund pending acquisition of Guardian Pipeline, Midwestern Gas, and Viking Gas from ONEOK.
- Offering is expected to close on December 6, 2024, subject to customary conditions.