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Consumers Energy offers fixed-rate first mortgage bonds
Chicago, Jan. 2 – Consumers Energy Co. is offering fixed-rate first mortgage bonds, according to a 424B5 filing with the Securities and Exchange Commission on Tuesday.
There will be make-whole call protection until the par call date after which the notes will be callable at par.
Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. are acting as joint bookrunners.
BNP Paribas Securities Corp., PNC Capital Markets LLC, Academy Securities, Inc. and Fifth Third Securities, Inc. are listed as co-managers.
Bank of New York Mellon will be the trustee.
The utility is using in-house counsel and Sidley Austin LLP. Pillsbury Winthrop Shaw Pittman LLP is working as counsel for the underwriters.
Proceeds will be used for general corporate purposes.
Consumers Energy is a Jackson, Mich.-based public electric and gas utility and a subsidiary of CMS Energy Corp.
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