DT Midstream Bolsters Capital Structure with Senior Secured Notes Offering

DT Midstream, Inc., a leading owner and operator of natural gas pipelines, has announced the successful closing of its offering of Senior Secured Notes. The $650 million offering, priced at 5.800% and due in 2034, was oversubscribed, reflecting strong investor demand and confidence in the company's creditworthiness. The Notes, secured by a first priority lien on select assets, contribute to DT Midstream's strategic expansion in the natural gas pipeline sector.

The proceeds from the offering will fund DT Midstream's pending acquisition of Guardian Pipeline, L.L.C., Midwestern Gas Transmission Company, and Viking Gas Transmission Company. This strategic move aligns with the company's growth strategy, enhancing its pipeline network and expanding its customer base. The acquisition will also support DT Midstream's goal of transitioning towards net-zero greenhouse gas emissions by 2050, as transporting clean natural gas is a crucial step in reducing emissions.


DT Midstream's capital structure and liquidity have significantly improved following the closing of the offering. The Notes' first priority lien on select assets provides robust security, strengthening DT Midstream's financial position. The company's ability to secure attractive terms and satisfy customary closing conditions demonstrates its strong market position and the value investors place on its business model.

DT Midstream's commitment to optimizing capital structure in a competitive market landscape is evident in this strategic move. The offering aligns with the company's long-term goals of expanding its pipeline network, enhancing its customer base, and contributing to a cleaner energy future.


In conclusion, DT Midstream's successful offering of Senior Secured Notes reflects the company's robust financial health and strong market position. The acquisition of Guardian Pipeline, Midwestern Gas Transmission Company, and Viking Gas Transmission Company further expands DT Midstream's pipeline network and solidifies its position in the natural gas transportation sector. By continuing to invest in strategic acquisitions and optimize its capital structure, DT Midstream is well-positioned to meet the evolving energy demands and environmental challenges of the future.