CMS' Consumers Energy obtains $140 million loan

New York, March 26 - CMS Energy Corp. said its Consumers Energy subsidiary obtained a $140 million six-year loan from Beal Bank.

The loan is secured by a first mortgage bond.

The Dearborn, Mich. energy company said proceeds will be used to support Consumers Energy's liquidity position and for general corporate purposes.

"This is the initial step of a comprehensive financing plan that will substantially strengthen the liquidity position of Consumers Energy and CMS Energy," said Thomas J. Webb, CMS Energy's executive vice president and chief financial officer. "Upon completion of the plan, our financing needs for the immediate future will be addressed."

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