debt
confidence high
sentiment neutral
materiality 0.40
Consumers Energy prices $700M of 4.70% First Mortgage Bonds due 2030
CONSUMERS ENERGY CO
- Issued $700M aggregate principal amount of 4.70% First Mortgage Bonds maturing 2030.
- Net proceeds to redeem $250M of 3.125% First Mortgage Bonds due Aug 31, 2024, and for general corporate purposes.
- Estimated offering expenses total $1,338,088, including $1.1M rating agency fees.
- Underwriters include J.P. Morgan, MUFG, Wells Fargo, Citigroup, RBC, Scotia, SMBC, Comerica, KeyBanc, and Loop Capital.