DT Midstream Announces Closing of Offering of Senior Secured Notes
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DT Midstream, Inc. has successfully closed its offering of $650 million in 5.800% Senior Secured Notes due 2034. The notes are secured by a first priority lien on certain assets of the company and its subsidiaries.
December 06, 2024 | 9:15 pm
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DT Midstream has completed a $650 million offering of 5.800% Senior Secured Notes due 2034, secured by a first priority lien on certain assets.
The successful closing of the $650 million notes offering strengthens DT Midstream's financial position by securing long-term financing at a fixed interest rate. This can be seen as a positive development for the company's credit profile and may lead to a favorable short-term impact on its stock price.
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