debt
confidence high
sentiment neutral
materiality 0.50
Consumers Energy issues $700M of 4.625% First Mortgage Bonds due 2033
CONSUMERS ENERGY CO
- Issued $700M aggregate principal of 4.625% First Mortgage Bonds due 2033.
- Net proceeds to repay portion of $500M term loan and for general corporate purposes.
- Estimated offering expenses total $1.4M, including $1.1M rating agency fees.
- Underwriters include Barclays, BofA, Mizuho, Citigroup, PNC, SMBC Nikko, Truist, Comerica, Ramirez.