secwatch.observer — SEC 8-K summary
======================================

Issuer:     CMS ENERGY CORP (CMS)
CIK:        0000811156
Form:       8-K
Filed at:   2021-07-01T23:59:59+00:00
Accession:  0001104659-21-088075
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811156/000110465921088075/0001104659-21-088075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811156/000110465921088075/tm2120369d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-088075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer