DT Midstream Enters Material Definitive Agreement

TL;DR

DT Midstream signed a big deal, filing shows.

AI Summary

On November 25, 2024, DT Midstream, Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and its principal executive offices are located in Detroit, Michigan.

Why It Matters

This filing indicates a significant new contract or transaction for DT Midstream, which could impact its future revenue and operations.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Players & Entities

• DT Midstream, Inc. (company) — Registrant
• November 25, 2024 (date) — Date of earliest event reported
• 500 Woodward Ave., Suite 2900 (address) — Registrant's principal executive offices
• Detroit, Michigan (location) — Registrant's principal executive offices
• 313-402-8532 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.01 — ch Registered Common stock, par value $0.01 DTM New York Stock Exchange Indic
• $700 million — ans (including, without limitation, the $700 million 364-day bridge loan facility committed
• $293.7 million — tstanding under the Bridge Facility are $293.7 million. The foregoing description of the Amen

Filing Documents

• ss4172469_8k.htm (8-K) — 26KB
• ss4172469_ex1001.htm (EX-10.1) — 91KB
• image_001.jpg (GRAPHIC) — 7KB
• 0000947871-24-000962.txt ( ) — 311KB
• dtm-20241125.xsd (EX-101.SCH) — 3KB
• dtm-20241125_lab.xml (EX-101.LAB) — 33KB
• dtm-20241125_pre.xml (EX-101.PRE) — 22KB
• ss4172469_8k_htm.xml (XML) — 3KB

01

Item 1.01. Entry into a Material Definitive Agreement. Amendment to Credit Agreement On November 25, 2024, DT Midstream, Inc. (the "Company") entered into an Amendment No. 3 to Credit Agreement (the "Amendment") amending certain of the terms of its Credit Agreement, dated as of June 10, 2021, among the Company, as borrower, the lenders and letter of credit issuers party thereto and Barclays Bank PLC, as administrative agent and collateral agent. The Amendment makes certain modifications to the debt covenant to permit the Company to incur certain customary bridge loans (including, without limitation, the $700 million 364-day bridge loan facility committed by Barclays Bank PLC (the "Bridge Facility"), which provides certain backstop funding for the Company's purchase of all of the equity interests in Guardian Pipeline, L.L.C., Midwestern Gas Transmission Company and Viking Gas Transmission Company). On the date hereof, the commitments outstanding under the Bridge Facility are $293.7 million. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Description 10.1 Amendment No. 3 to Credit Agreement, dated as of November 25, 2024, by and among DT Midstream, Inc., lenders party thereto and Barclays Bank PLC, as administrative agent and collateral agent. 104 Cover Page Interactive Data File (formatted as Inline XBRL). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 27, 2024 DT MIDSTREAM, INC. ( Registrant ) by /s/ Jeffrey A. Jewell Name: Jeffrey A. Jewell Title: Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR