debt
confidence high
sentiment neutral
materiality 0.60
Consumers Energy issues $800M in first mortgage bonds: $350M at 3.60% due 2032, $450M at 4.20% due 2052
CONSUMERS ENERGY CO
- Issued $350M of 3.60% First Mortgage Bonds due 2032 and $450M of 4.20% First Mortgage Bonds due 2052, totaling $800M.
- Net proceeds will be used for general corporate purposes.
- Underwriters include J.P. Morgan, MUFG, PNC Capital, U.S. Bancorp, Barclays, BNP Paribas, KeyBanc, Mizuho, Scotia, SMBC Nikko, Truist, Comerica, Fifth Third, and Loop Capital.
- Estimated offering expenses total $1,602,000, including $1,353,000 in rating agency fees.
- Issuance made under shelf registration statement S-3 No. 333-236742-01.