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DT Midstream Announces Upsized Public Offering for Pending Acquisition

Nov 20, 2024over 1 year ago

Contract Type

partnership

DetroitEnergySustainabilityOil And GasNatural ResourcesFinancial Services

Description

DT Midstream, Inc. announced the pricing of an upsized public offering, increasing the size from $300,000,000 to $366,125,000 for its common stock. The net proceeds will be used, along with other sources of funding, to fund the consideration payable for the pending acquisition of equity interests in Guardian Pipeline, L.L.C., Midwestern Gas Transmission Company, and Viking Gas Transmission Company from ONEOK Partners Intermediate Limited Partnership and Border Midwestern Company.

Company Information

Company

DT Midstream

Location

Detroit, Michigan, United States

About

DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment, and surface facilities. We transport clean, natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada.

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