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DCP Midstream Operating, the wholly-owned subsidiary of DCP Midstream (NYSE:DCP), has priced an offering of $400M of its 3.25% senior notes due 2032 at a price to the public of 100% of their face value. Offering is expected to close on November 19, 2021. Net proceeds will be used to repay indebtedness under the company's revolving credit facility and for general partnership purposes.