---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-003371"
form_type: "8-K"
ticker: "CMS-PB"
cik: "0000201533"
company_name: "CONSUMERS ENERGY CO"
filed_at: "2023-01-12T23:59:59+00:00"
generated_at: "2026-06-20T16:12:57.115618+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Consumers Energy (CMS subsidiary) to issue $400M in first mortgage bonds via private placement

## Summary
- Total $400M: $115M 5.24% due 2026, $50M 5.07% due 2029, $95M 5.17% due 2032, $140M 5.38% due 2037.
- Bonds secured by a direct first lien on property under the Indenture dated 1945, supplemented for this issuance.
- Closing anticipated during May 2023, subject to customary conditions including FERC authorization.
- Proceeds will be used for general corporate purposes (not specified in detail, but typical utility capex).
- Private placement exempt from SEC registration; sold to institutional purchasers.

## SEC filing metadata
- accession: 0001104659-23-003371
- form_type: 8-K
- ticker: CMS-PB
- cik: 0000201533
- company_name: CONSUMERS ENERGY CO
- filed_at: 2023-01-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/201533/000110465923003371/0001104659-23-003371-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/201533/000110465923003371/tm233239d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-003371
- JSON: https://secwatch.observer/filing/0001104659-23-003371.json
- Plain text: https://secwatch.observer/filing/0001104659-23-003371.txt

## Key facts
- Material Agreements
  CONSUMERS ENERGY CO entered into Bond Purchase Agreement with certain institutional purchasers valued at $400 million (effective 2023-01-12).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain institutional purchasers
  - Value: $400 million
  - Effective: 2023-01-12
  source text: On January 12, 2023, Consumers Energy Company (“Consumers Energy”), a principal subsidiary of CMS Energy Corporation, and certain institutional purchasers in the private placement market (“Purchasers”) entered into a Bond Purchase Agreement (“BPA”) whereby Consumers Energy will sell to the Purchasers, in a private placement, an aggregate principal amount of $400 million First Mortgage Bonds (“FMBs”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/201533/000110465923003371/0001104659-23-003371-index.htm

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