{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-105878","form_type":"8-K","ticker":"CMS","cik":"0000811156","company_name":"CMS ENERGY CORP","filed_at":"2025-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.233731+00:00","generated_at":"2026-05-17T00:46:36.126757+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"CMS Energy prices upsized $850M 3.125% convertible notes due 2031","bullets":["Offering upsized from $750M to $850M; initial purchasers have option for additional $150M.","Net proceeds ~$839.3M; $250M to retire 3.60% Senior Notes due Nov 15, 2025, remainder for corporate purposes.","Conversion price ~$90.61/share (25% premium over Nov 3, 2025 closing); initial conversion rate 11.0360 shares per $1,000.","Notes bear 3.125% interest, mature May 1, 2031; redeemable by CMS on/after May 7, 2029 if stock price condition met.","Expected close Nov 6, 2025; private placement to QIBs under Rule 144A."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-105878","json":"https://secwatch.observer/filing/0001104659-25-105878.json","markdown":"https://secwatch.observer/filing/0001104659-25-105878.md","text":"https://secwatch.observer/filing/0001104659-25-105878.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811156/000110465925105878/0001104659-25-105878-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811156/000110465925105878/tm2529893d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:46:36.126757+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}