HOUSTON – Bracewell LLP represented DT Midstream, Inc. (DTM), a natural gas pipeline, storage and gathering company, as borrower in a $750 million revolving credit facility and $1 billion term loan B, in connection with its spin-off from DTE Energy Company. Financing for the DT Midstream, Inc. spin-off also included the issuance of $2.1 billion of senior notes, for which Bracewell also represented DT Midstream, Inc.
DT Midstream is the new independent, publicly traded company formed through the spin-off of DTE Energy Company’s non-utility natural gas pipeline, storage and gathering business.
Bracewell lawyers involved in the transaction included:
Partners: Heather L. Brown, Will Anderson, Mark K. Lewis, Steven J. Lorch, Robin J. Miles, Scott C. Sanders and Timothy A. Wilkins
Associates: Emily A. Banse, Sarah Orengo Lytal and Anna K. Miller