- DT Midstream (NYSE:DTM) has closed on the $552M purchase of an additional 26.25% ownership interest in Millennium Pipeline from National Grid.
- The transaction was financed with cash on hand and available capacity under the company’s revolving credit facility.
- DT Midstream’s total ownership in Millennium Pipeline is now 52.50%.
- “The completed acquisition of an additional stake in Millennium Pipeline directly aligns with our strategic investment thesis and accelerates our growth plan,” said David Slater, President and CEO.