---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-127232"
form_type: "8-K"
ticker: "CMS-PB"
cik: "0000201533"
company_name: "CONSUMERS ENERGY CO"
filed_at: "2022-12-15T23:59:59+00:00"
generated_at: "2026-06-21T04:23:48.493419+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- CMS Energy amended its $550M revolving credit facility; new five-year term expires Dec 2027.
- Consumers Energy facility increased from $850M to $1.1B; $250M added secured by new first mortgage bonds.
- Both facilities replaced LIBOR with SOFR as the interest rate benchmark.
- Sustainability-linked pricing adjustments based on diverse supplier spend and renewable generation metrics.
- Facilities replace prior credit agreements set to expire in 2024 and include extension options.

## SEC filing metadata
- accession: 0001104659-22-127232
- form_type: 8-K
- ticker: CMS-PB
- cik: 0000201533
- company_name: CONSUMERS ENERGY CO
- filed_at: 2022-12-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/201533/000110465922127232/0001104659-22-127232-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/201533/000110465922127232/tm2232568d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-127232
- JSON: https://secwatch.observer/filing/0001104659-22-127232.json
- Plain text: https://secwatch.observer/filing/0001104659-22-127232.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/201533/000110465922127232/0001104659-22-127232-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/201533/000110465922127232/0001104659-22-127232-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.