debt
confidence high
sentiment neutral
materiality 0.50
CMS Energy issues $1B of 6.50% junior subordinated notes due 2055
CMS ENERGY CORP
- Issued $1,000,000,000 aggregate principal of 6.50% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055.
- Notes sold under shelf registration; proceeds for general corporate purposes, including working capital and debt repayment.
- Estimated offering expenses total $2,280,100, including SEC fee of $153,100 and rating agency fee of $1,915,000.
- Underwriting syndicate led by Barclays, BofA Securities, Goldman Sachs, and J.P. Morgan.