CMS Energy gets $300 million 364-day term loan with Mizuho

By Wendy Van Sickle

Columbus, Ohio, Dec. 28 – CMS Energy Corp. obtained a $300 million 364-day unsecured term loan on Friday with Mizuho Bank, Ltd. as bookrunner, lead arranger and agent, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will be used for working capital, for general corporate purposes and to refinance outstanding debt.

The margin for eurodollar advances is 55 basis points.

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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