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CMS Energy Prices Upsized Offering of $700 Million of 3.375% Convertible Senior Notes Due 2028

PR Newswire - Tue May 2, 2023

JACKSON, Mich., May 2, 2023 /PRNewswire/ -- CMS Energy Corporation ("CMS Energy") (NYSE: CMS) announced the pricing of its offering of $700 million aggregate principal amount of its 3.375% 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 granted 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. The sale of the convertible notes is expected to close on May 5, 2023, subject to customary closing conditions. The offering was upsized from the previously announced offering of $650 million aggregate principal amount of convertible notes.


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