DTM - DT Midstream closes on purchase of additional ownership in millennium pipeline
- 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.
For further details see:
DT Midstream closes on purchase of additional ownership in millennium pipeline