Nachrichten April 11, 2022

DT Midstream’s $600 Million Senior Secured Notes

Shearman & Sterling represented DT Midstream, Inc. in connection with its private placement of $600 million aggregate principal amount of 4.300% senior secured notes due 2032. The notes are guaranteed by certain of DT Midstream’s subsidiaries and secured by a first priority lien on certain assets of DT Midstream and its subsidiary guarantors that secure DT Midstream’s existing credit facilities.

DT Midstream is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment, and surface facilities. DT Midstream transports clean natural gas for utilities, power plants, marketers, large industrial customers, and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a target of achieving 30% of its carbon emissions reduction in the next decade.

The Shearman & Sterling team below included associates Arshia Asif (New York-Finance) and Anthony Roselle (New York-Real Estate).

The Team