CMS Energy issues 9.2M depositary shares of 4.200% Series C Preferred Stock, net proceeds ~$224.5M

CMS ENERGY CORP

Issued 9.2M depositary shares (1/1000th interest) of 4.200% Series C Preferred Stock, $25 liquidation preference per share.
Net proceeds to CMS of ~$224.5M after underwriting discounts and expenses.
Proceeds to be used for general corporate purposes, including working capital and debt repayment.
Dividends on common stock and share repurchases restricted unless cumulative preferred dividends are paid.
Total offering expenses estimated at $1.13M, including legal, rating agency, SEC fees.

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