Item 1.01 Entry Into a Material Definitive Agreement
On January 12, 2023, Consumers Energy Company ("Consumers Energy"), a principal
subsidiary of CMS Energy Corporation, and certain institutional purchasers in
the private placement market ("Purchasers") entered into a Bond Purchase
Agreement ("BPA") whereby Consumers Energy will sell to the Purchasers, in a
private placement, an aggregate principal amount of $400 million First Mortgage
Bonds ("FMBs"). The issuance and funding are expected to take place in May
2023, subject to customary closing conditions, and include $115 million
aggregate principal amount of 5.24 percent FMBs due 2026, $50 million aggregate
principal amount of 5.07 percent FMBs due 2029, $95 million aggregate principal
amount of 5.17 percent FMBs due 2032, and $140 million aggregate principal
amount of 5.38 percent FMBs due 2037.
The foregoing description of the BPA does not purport to be complete and is
qualified in its entirety by the provisions of the BPA, which is attached hereto
as Exhibit 10.1 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
10.1 Bond Purchase Agreement dated as of January 12, 2023 between Consumers
Energy and each of the Purchasers named therein
104.1 Cover Page Interactive Data File (the cover page XBRL tags are embedded in
the Inline XBRL document)
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