DTE Electric Co: debt financing — DTE Energy, DTE Electric, DTE Gas enter amended $2.8B unsecured revolver maturing 2030

DTE Electric Co

Commitments: DTE Energy $1.5B, DTE Electric $1.0B, DTE Gas $300M; total $2.8B.
Facility expires October 22, 2030, with two one-year extension options available.
DTE Electric and DTE Gas must maintain ≤0.65 debt/capitalization; DTE Energy ≤0.70.
Borrowings bear interest at Base Rate or Adjusted Term SOFR plus Applicable Margin.
Proceeds used for general corporate purposes; facility is unsecured.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DTE Electric Co amended revolving credit of $1,500,000,000 with a syndicate of lenders and Citibank, N.A., as Administrative Agent at the Base Rate plus the Applicable Margin, as defined in such Facility, or Adjust maturing October 22, 2030.

Instrument: revolving credit
Principal: $1,500,000,000
Counterparty: a syndicate of lenders and Citibank, N.A., as Administrative Agent
Rate: the Base Rate plus the Applicable Margin, as defined in such Facility, or Adjust
Maturity: October 22, 2030
Event: amendment

Exact text from the filing

The total lender commitments under each Facility are as follows: $1,500,000,000 for DTE Energy, $1,000,000,000 for DTE Electric, and $300,000,000 for DTE Gas.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DTE Electric Co amended revolving credit of $1,000,000,000 with a syndicate of lenders and Citibank, N.A., as Administrative Agent at the Base Rate plus the Applicable Margin, as defined in such Facility, or Adjust maturing October 22, 2030.

Instrument: revolving credit
Principal: $1,000,000,000
Counterparty: a syndicate of lenders and Citibank, N.A., as Administrative Agent
Rate: the Base Rate plus the Applicable Margin, as defined in such Facility, or Adjust
Maturity: October 22, 2030
Event: amendment

Exact text from the filing

The total lender commitments under each Facility are as follows: $1,500,000,000 for DTE Energy, $1,000,000,000 for DTE Electric, and $300,000,000 for DTE Gas.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DTE Electric Co amended revolving credit of $300,000,000 with a syndicate of lenders and Citibank, N.A., as Administrative Agent at the Base Rate plus the Applicable Margin, as defined in such Facility, or Adjust maturing October 22, 2030.

Instrument: revolving credit
Principal: $300,000,000
Counterparty: a syndicate of lenders and Citibank, N.A., as Administrative Agent
Rate: the Base Rate plus the Applicable Margin, as defined in such Facility, or Adjust
Maturity: October 22, 2030
Event: amendment

Exact text from the filing

The total lender commitments under each Facility are as follows: $1,500,000,000 for DTE Energy, $1,000,000,000 for DTE Electric, and $300,000,000 for DTE Gas.

View on SEC.gov

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Source: SEC EDGAR

accession 0000936340-25-000216

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