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The transaction will be financed with cash on hand and available capacity under the company’s revolving credit facility. Under the terms of the agreement, DTM will acquire National Grid’s full ownership interests in Millennium Pipeline, which, upon closing, will bring DT Midstream’s total ownership in Millennium Pipeline to 52.50%

DT Midstream Increases Ownership in Millennium Pipeline

DT Midstream, Inc. (NYSE: DTM) today announced that it has entered into an agreement to acquire an additional 26.25% ownership interest in Millennium Pipeline for approximately $552 million in cash

By DT Midstream, Inc.
Published - Sep 29, 2022, 07:34 AM ET
Last Updated - Jul 12, 2024, 04:21 AM EDT
  • Premier, fully contracted pipeline with creditworthy customers
  • Immediately accretive transaction
  • Consistent with core investment thesis
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