NYSEEnergyOil & Gas Storage & TransportationS&P MidCap 400
$113.66
+0.78 (+0.69%)
Close of Nov 06, 2026 · end-of-day data
DTM 8-K filings in 2024
Every material Form 8-K DT Midstream filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
DT Midstream completed its acquisition of Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission from ONEOK parties effective 11:59 p.m. Central Time on December 31, 2024, for a $1.2 billion purchase price. The company said the deal expands its pipeline segment revenue contribution, backed by take-or-pay contracts with utility customers, but the filing does not provide financial results for the acquired assets.
Purchase price of $1.2 billion, paid in cash per the press release
Acquired pipelines have total capacity of more than 3.7 Bcf/d and about 1,300 miles across seven states
Purchase agreement dated November 19, 2024, with ONEOK Partners Intermediate Limited Partnership and Border Midwestern Company
No pro forma financial statements required, as the deal does not exceed 20% significance under Regulation S-X 3-05
DT Midstream entered into Amendment No. 4 to its Credit Agreement dated June 10, 2021, with Barclays Bank PLC as administrative agent. The amendment extends the maturity of its revolving credit facility to five years after the amendment's effective date and adds customary limited condition transactions provisions for future acquisitions and other transactions.
Amendment No. 4 to Credit Agreement dated December 12, 2024; original agreement dated June 10, 2021
Revolving credit facility maturity extended to five years from the amendment's effective date
Limited condition transactions provisions enable future acquisitions, with conditionality subject only to customary SunGard conditions
DT Midstream issued $650 million of 5.800% senior secured notes maturing December 15, 2034, to help fund its pending acquisition of Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission. The company also terminated its $700 million 364-day bridge loan commitments after receiving the note proceeds, and the notes carry a special mandatory redemption at 101% if the acquisition is not completed.
Notes: $650 million principal, 5.800% coupon, maturing December 15, 2034, with interest paid semi-annually from June 15, 2025
Proceeds, with stock offering proceeds, revolver borrowings and cash on hand, fund the Pending Acquisition from ONEOK Partners and Border Midwestern Company
If the acquisition is not completed by the Acquisition Outside Date (later of November 19, 2025 or any extension), notes must be redeemed at 101% of principal
Company terminated its $700 million 364-day bridge loan facility commitments
On November 25, 2024, DT Midstream amended its credit agreement to permit certain bridge loans, including a $700 million 364-day bridge facility from Barclays Bank PLC. The bridge provides backstop funding for the company's purchase of all equity interests in Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission. As of the filing date, $293.7 million of commitments were outstanding under the bridge facility, and the filing gives no financial results or purchase price.
Amendment No. 3 to the credit agreement signed November 25, 2024, with Barclays Bank PLC as administrative agent
$700 million 364-day bridge loan facility from Barclays Bank PLC, with $293.7 million in commitments outstanding on the filing date
Bridge backs the purchase of Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission
DT Midstream sold 3,625,000 common shares at $101.000 each, and underwriters exercised in full their option for 543,750 more shares; the offering closed November 21, 2024. The company reports approximately $405,542,219 in net proceeds, which it intends to use to fund its pending acquisition of Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission from ONEOK, so shareholders face a larger share count while the company adds these pipelines.
3,625,000 shares priced at $101.000 per share to the public; underwriters agreed to buy them at $97.465 per share
Underwriters exercised their 30-day option for 543,750 additional shares in full on November 20, 2024
Net proceeds of approximately $405,542,219 after underwriting discounts and estimated offering expenses; offering closed November 21, 2024
Proceeds intended for the pending ONEOK pipeline acquisition; the company and its executive officers and directors agreed to a 45-day lock-up on share sales
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every DT Midstream filing is on SEC EDGAR ↗. 8-K briefs of other companies →