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CMS Energy Announces Proposed Offering of $650 Million of Convertible Senior Notes Due 2028

PR Newswire - Mon May 1, 2023

JACKSON, Mich., May 1, 2023 /PRNewswire/ -- CMS Energy Corporation ("CMS Energy") (NYSE: CMS) announced today that it intends to offer, subject to market and other conditions, $650 million aggregate principal amount of its convertible senior notes due 2028 (the "convertible notes") in a private placement under the Securities Act of 1933, as amended (the "Securities Act"). CMS Energy also intends to grant to the initial purchasers of the convertible notes an option to purchase, within a 13-day period from, and including, the date on which the convertible notes are first issued, up to an additional $100 million aggregate principal amount of the convertible notes.

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