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8-K filed December 15, 2022, 6:59 PM ET ticker CMS-PB CIK 0000201533
debt confidence high sentiment neutral materiality 0.50

CMS Energy and Consumers Energy amend revolving credit facilities; Consumers facility increased to $1.1B

CONSUMERS ENERGY CO

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

CONSUMERS ENERGY CO amended Secured Revolving Credit Facility with consortium of banks led by JPMorgan Chase Bank, N.A. (Agent), with Barclays Bank PLC and MUFG Bank, LTD. as Co-Syndication Agents, Mizuho Bank, Ltd., Bank of America, N.A., and Wells Fargo Bank as Co-Documentation Agents, and Barclays as Sustainability Structuring Agent valued at Increased from $850 million to $1.1 billion secured revolving credit facility, with $500 million sec (effective 2022-12-14).

Action
amendment
Agreement
credit facility
Counterparty
consortium of banks led by JPMorgan Chase Bank, N.A. (Agent), with Barclays Bank PLC and MUFG Bank, LTD. as Co-Syndication Agents, Mizuho Bank, Ltd., Bank of America, N.A., and Wells Fargo Bank as Co-Documentation Agents, and Barclays as Sustainability Structuring Agent
Value
Increased from $850 million to $1.1 billion secured revolving credit facility, with $500 million sec
Effective
2022-12-14
Exact text from the filing
On December 14, 2022, Consumers Energy Company (“Consumers”) amended and restated its secured Revolving Credit Facility (the “Consumers Facility”) with a consortium of banks led by JPMorgan, as Agent, Barclays and MUFG, as Co-Syndication Agents, Mizuho, Bank of America, and Wells Fargo as Co-Documentation Agents and Barclays as Sustainability Structuring Agent. The Consumers Facility was increased from $850 million to $1.1 billion. Obligations under the Consumers Facility in the amount of $500 million will continue to be secured by first mortgage bonds of Consumers issued pursuant to the 114 th Supplemental Indenture dated as of March 31, 2011, obligations in the amount of $150 million will continue to be secured by first mortgage bonds of Consumers issued pursuant to the 123 rd Supplemental Indenture dated as of December 20, 2013, obligations in the amount of $200 million will continue to be secured by first mortgage bonds of Consumers issued pursuant to the 132 nd Supplemental Indent
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

CONSUMERS ENERGY CO amended Revolving Credit Facility with consortium of banks led by Barclays Bank PLC (Agent), with JPMorgan Chase Bank, N.A. and MUFG Bank, LTD. as Co-Syndication Agents, Mizuho Bank, Ltd., Bank of America, N.A., and Wells Fargo Bank as Co-Documentation Agents, and Barclays as Sustainability Structuring Agent valued at $550 million unsecured revolving credit facility, amended and restated with five-year term expiring (effective 2022-12-14).

Action
amendment
Agreement
credit facility
Counterparty
consortium of banks led by Barclays Bank PLC (Agent), with JPMorgan Chase Bank, N.A. and MUFG Bank, LTD. as Co-Syndication Agents, Mizuho Bank, Ltd., Bank of America, N.A., and Wells Fargo Bank as Co-Documentation Agents, and Barclays as Sustainability Structuring Agent
Value
$550 million unsecured revolving credit facility, amended and restated with five-year term expiring
Effective
2022-12-14
Exact text from the filing
On December 14, 2022, CMS Energy Corporation (“CMS Energy”) amended and restated its $550 million Revolving Credit Facility (the “CMS Facility”) with a consortium of banks led by Barclays Bank PLC (“Barclays”), as Agent, JPMorgan Chase Bank, N.A. (“JPMorgan”) and MUFG Bank, LTD. (“MUFG”), as Co-Syndication Agents, Mizuho Bank, Ltd. (“Mizuho”), Bank of America, N.A. (“Bank of America”), and Wells Fargo Bank, National Association (“Wells Fargo”) as Co-Documentation Agents and Barclays as Sustainability Structuring Agent. The CMS Facility remains unsecured.
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-22-127232
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