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DT Midstream closes on purchase of additional ownership in millennium pipeline

Oct. 07, 2022 4:38 PM ETDT Midstream, Inc. (DTM) StockBy: Pranav Ghumatkar, SA News Editor
  • 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.

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