CMS Energy plans to retire all 3.375% convertibles, some 6.3% notes

By Devika Patel

Knoxville, Tenn., Nov. 16 - CMS Energy Corp. will use the proceeds from an offering of senior notes to retire all of its series B 3.375% convertible senior notes due 2023 and a portion of its 6.3% senior notes due 2012, according to a 424B5 filing with the Securities and Exchange Commission.

As of Nov. 15, there was $131.73 million of the convertibles outstanding and $150 million of the 6.3% notes outstanding.

CMS Energy is an electric and gas utility and power producer 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.