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CMS Energy, Consumers extend credit agreements one year to 2022
New York, June 1 – CMS Energy Corp. and Consumers Energy Co. both agreed to extend their revolving credit agreements by one year to May 27, 2022, according to an 8-K filing with the Securities and Exchange Commission.
CMS Energy’s agreement is a $550 million revolver with Barclays Bank plc as agent.
Debt under the facility will continue to be secured by Consumers Energy common stock.
Consumers Energy’s agreement is a $650 million revolver with JPMorgan Chase Bank, NA as agent.
Debt under Consumers Energy’s facility is secured by first mortgage bonds.
The extensions were effective May 27.
CMS Energy is a Jackson, Mich., parent company to electric and gas utilities. Consumers Energy, also based in Jackson, is one of those utilities.
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