DT Midstream’s Joint Venture Raises $800 Million in Notes

DT Midstream ( (DTM) ) just unveiled an announcement.

Millennium Pipeline Company, a joint venture with a 263-mile pipeline in the northeast, has formed a new holding company, Millennium Holdings, which successfully issued $800 million in senior unsecured notes at a 5.88% average rate. DT Midstream, owning a 52.5% stake in Millennium, received $420 million from the proceeds, planning to use this capital to repay its Term Loan Facility and for other corporate needs.

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