CMS Energy launches $750M convertible notes offering due 2031; proceeds to refinance maturing debt

CMS ENERGY CORP

$750M aggregate principal of convertible senior notes due 2031 in private placement; underwriter option for additional $112.5M.
Net proceeds to retire $250M of 3.60% Senior Notes due Nov 15, 2025; remainder for general corporate purposes.
Notes convertible at holder's option upon conditions; settlement in cash, stock, or combination at CMS election.
Interest payable semiannually; notes are senior unsecured obligations of CMS Energy.

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