Consumers Energy extends $250M credit line to Nov 2024, swaps LIBOR for SOFR

CONSUMERS ENERGY CO

First Amendment to $250M secured revolving credit agreement with Bank of Nova Scotia.
Termination date extended by one year to November 19, 2024.
Interest rate benchmark changed from LIBOR to forward-looking SOFR (Term SOFR).

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CONSUMERS ENERGY CO amended First Amendment with The Bank of Nova Scotia valued at $250 million (effective 2022-11-23).

Action: amendment
Agreement: credit facility
Counterparty: The Bank of Nova Scotia
Value: $250 million
Effective: 2022-11-23

Exact text from the filing

On November 23, 2022, Consumers Energy Company (“Consumers”), a principal subsidiary of CMS Energy Corporation, and The Bank of Nova Scotia entered into the First Amendment (the “Amendment”) to the Amended and Restated $250 million secured Revolving Credit Agreement dated as of November 19, 2018 between Consumers and The Bank of Nova Scotia (the “Agreement”).

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CONSUMERS ENERGY CO filing history →

Source: SEC EDGAR

accession 0001104659-22-122724

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