DT Midstream Announces Pricing of Offering of Senior Secured Notes
DT Midstream, Inc. (DTM)
Company Research
Source: GlobeNewswire
DETROIT, Nov. 21, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (“DT Midstream” or the “Company”) (NYSE: DTM) today announced that it has priced an offering (the “Offering”) of $650,000,000 of 5.800% Senior Secured Notes due 2034 (the “Notes”). The Notes will be issued by DT Midstream, guaranteed by certain of DT Midstream’s subsidiaries and secured by a first priority lien on certain assets of DT Midstream and its subsidiary guarantors that secure DT Midstream’s existing credit facilities and existing senior secured notes. The Offering is expected to close on December 6, 2024, subject to the satisfaction of customary closing conditions. DT Midstream intends to use the net proceeds from the sale of the Notes, together with the proceeds from its recently completed offering of common stock, borrowings under its revolving credit facility and cash on hand, to fund the consideration payable by DT Midstream in the previously announced, pending acquisition of all of the equity interests in
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DTM
News
- DT Midstream, Inc. (NYSE: DTM) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating. They now have a $115.00 price target on the stock, up previously from $90.00.MarketBeat
- ONEOK to Sell Three Interstate Natural Gas Pipeline Systems for $1.2B [Yahoo! Finance]Yahoo! Finance
- DT Midstream Announces Pricing of Upsized Public Offering of Common StockGlobeNewswire
- CORRECTION - DT Midstream Announces $1.2 Billion Acquisition of Strategic Midwest FERC-Regulated Natural Gas Pipelines [Yahoo! Finance]Yahoo! Finance
- CORRECTION - DT Midstream Announces $1.2 Billion Acquisition of Strategic Midwest FERC-Regulated Natural Gas PipelinesGlobeNewswire
DTM
Earnings
- 10/29/24 - Beat
DTM
Sec Filings
- 11/22/24 - Form 8-K
- 11/21/24 - Form 8-K
- 11/21/24 - Form 424B5
- DTM's page on the SEC website