DT Midstream Inc.
Description
Closed offering of $1.1 billion of 4.125% senior notes due 2029 and $1 billion of 4.375% senior notes due 2031 issued by DT Midstream, the new independent, publicly traded company that is expected to be formed through the planned spin-off of DTE Energy’s non-utility natural gas pipeline, storage and gathering business, and guaranteed by certain of DT Midstream’s subsidiaries. Proceeds will be used by DTE Midstream for the repayment of intercompany obligations due to DTE Energy and the payment of a dividend to DTE Energy.