CMS · News · 20260804N
Long-term Debt Issuance
CMS ENERGY CORP · 2026-08-04 · Importance 50 · Surprise 24 · No source text
Consumers Energy, CMS Energy’s principal utility subsidiary, issued two $450 million first-mortgage bond tranches totaling $900 million. The bonds carry coupons of 4.900% and 6.100% and mature in 2031 and 2056, respectively. Net proceeds are intended for general corporate purposes, with estimated offering expenses of $1.725 million.
Key facts
- Consumers Energy Company announced the issuance and sale of two bond issues, totaling $900 million. source
- The bond issues include $450 million of 4.900% First Mortgage Bonds due 2031 and $450 million of 6.100% First Mortgage Bonds due 2056. source
- The net proceeds from the bond offering are intended for general corporate purposes, with estimated offering expenses reaching $1.725 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | — | The bond issues include $450 million of 4.900% First Mortgage Bonds due 2031 and $450 million of 6.100% First Mortgage Bonds due 2056. |
| net_income | negative | committed | — | The bond issues include $450 million of 4.900% First Mortgage Bonds due 2031 and $450 million of 6.100% First Mortgage Bonds due 2056. |
| cash | negative | committed | — | The net proceeds from the bond offering are intended for general corporate purposes, with estimated offering expenses reaching $1.725… |