Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for CMS Energy Corp. > News item |
CMS Energy, Consumers extend $1.2 billion of revolvers until 2021
By Susanna Moon
Chicago, June 1 – CMS Energy Corp. amended its $550 million revolving credit agreement on May 27 with Barclays Bank plc as agent, according to an 8-K filing with the Securities and Exchange Commission.
The company extended the termination date of the agreement by one year to May 27, 2021.
Obligations under the credit agreement will continue to be secured by Consumers Energy Co. common stock under the pledge and security agreement dated March 31, 2011 with Barclays as administrative agent.
Consumers also extended the $650 million revolving credit facility on May 27 with JPMorgan Chase Bank, NA as agent for one year to May 27, 2021.
Obligations under the Consumers agreement will continue to be secured by first mortgage bonds of Consumers. The additional obligations under the consumers agreement in the amount of $150 million will continue to be secured by first mortgage bonds of Consumers.
Barclays and JPMorgan were the underwriters.
The parent company of electric and gas utility subsidiaries is based in Jackson, Mich.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.