Loan & DebtMay 5, 2026, 10:37 AM
Consumers Energy Issues $850M 5.125% First Mortgage Bonds Due 2036
AI Summary
Consumers Energy Company issued and sold $850 million principal amount of its 5.125% First Mortgage Bonds due 2036. The offering was conducted under a shelf registration process, and the net proceeds are designated for general corporate purposes. The company also disclosed the estimated expenses related to the offering, which total $1,684,768.
Key Highlights
- Consumers Energy issued $850,000,000 principal amount of First Mortgage Bonds.
- The bonds carry an interest rate of 5.125%.
- The First Mortgage Bonds are due in 2036.
- Net proceeds from the bond issuance will be used for general corporate purposes.
- Estimated total expenses for the offering are $1,684,768.
- Underwriters include BNP Paribas Securities Corp., J.P. Morgan Securities LLC, and others.