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CM - DCP closes $500MM debt sale to pay down revolver borrowings - June 2020
DCP Midstream LP announced the closing of the sale of $500 million aggregate principal amount of 5.625% senior notes due 2027 at 100 on June 24. The offering was upsized from an earlier contemplated $400 million principal amount. Net proceeds of about $494 million will be used for general partnership purposes, which include the repayment of revolver debt and possibly the funding of capital expenditures. The new notes bring DCP’s total long-term debt outstanding......
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