CMS Energy to prepay revolver debt with senior notes proceeds

By Toni Weeks

San Diego, May 9 - CMS Energy Corp. will use the proceeds from its planned offering of senior notes for general corporate purposes, including the prepayment of all outstanding debt under its $550 million revolving credit agreement, according to a 424B5 filing with the Securities and Exchange Commission.

CMS said that as of May 9 it had about $125 million of debt under the revolver at a weighted average rate of 2.22% per year.

CMS is an electric and gas utility and power producer based in Jackson, Mich.

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