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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.
Find detailed analytics on DTM stock on TipRanks’ Stock Analysis page.
