Financing ·
CMS Energy prices $1.0B of 6.8% junior subordinated notes due 2057 to refinance maturing debt
CMSDCms Energy Corp
CMS Energy Corporation issued and sold $1.0 billion aggregate principal amount of its 6.800% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 on November 3, 2026. The company intends to use the net proceeds to repay at or prior to maturity the $275 million 2.95% Senior Notes due February 2027 and the $350 million 3.45% Senior Notes due August 2027, with remaining funds allocated for general corporate purposes. CMS Energy operates in the energy sector, providing electric and gas utility services.