secwatch.observer — SEC 8-K summary
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Issuer:     DCP Midstream, LP (—)
CIK:        0001338065
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001193125-23-167475
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 3.01, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phillips 66 completes $3.8B acquisition of DCP Midstream at $41.75/unit
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- Public common units converted into $41.75/unit cash; total value ~$3.8B.
- Phillips 66’s economic interest in DCP Midstream increases to 86.8%.
- Common units and Series B preferred units delisted from NYSE as of June 15, 2023.
- Series B preferred units redeemed at $25.00/unit; holders receive redemption price.
- DCP Midstream entered into a $1.0B unsecured revolver with Phillips 66 as lender.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1338065/000119312523167475/0001193125-23-167475-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1338065/000119312523167475/d494691d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-167475

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer