CMS issues stock, pays cash for $124.83 million 3.375% convertibles

By Angela McDaniels

Tacoma, Wash., Dec. 29 - CMS Energy Corp. said it issued 6,548,143 shares of common stock and paid $124,830,045 in cash in exchange for $124.83 million principal amount of its 3.375% convertible senior notes due 2023, series B, on Dec. 22.

The shares were issued based on the weighted average conversion value of $1,986.62 per $1,000 principal amount of convertibles, according to an 8-K filing with the Securities and Exchange Commission.

CMS Energy is an electric and gas utility and power producer based in Jackson, Mich.

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