CMS

CMS Energy To Offer $750 Million Of Senior Notes Due 2031

(RTTNews) - CMS Energy Corporation (CMS) on Monday said it plans to offer $750 million of convertible senior notes due 2031 in a private placement.

The company also expects to grant the initial purchasers an option to buy up to an additional $112.5 million of the notes.

CMS Energy said it intends to use the proceeds to retire its 3.60% senior notes due 2025, with the remaining proceeds to be used for general corporate purposes.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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