debt
confidence high
sentiment neutral
materiality 0.50
Consumers Energy issues $425M 4.65% First Mortgage Bonds due 2028
CONSUMERS ENERGY CO
- $425M aggregate principal amount of 4.65% First Mortgage Bonds maturing in 2028 issued on Jan 10, 2023.
- Net proceeds to repay a portion of $1B term loan credit agreement dated July 22, 2022, and for general corporate purposes.
- Estimated total offering expenses of $952,000, including $720,000 rating agency fees and $80,000 legal fees.
- Bonds sold via underwriters including Goldman Sachs, Morgan Stanley, RBC, Wells Fargo, and Loop Capital.