Consumers Energy lays out upcoming offering of first mortgage bonds

Chicago, July 31 – Consumers Energy Co. is selling fixed-rate first mortgage bonds, according to a 424B5 filing with the Securities and Exchange Commission.

The notes may be called early with a make-whole provision until the par call date when they may be called at par going forward.

MUFG Securities Americas Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC are leading the sale.

BNP Paribas Securities Corp. and Scotia Capital (USA) Inc. are also listed as bookrunners.

Loop Capital Markets is listed as a co-manager.

Bank of New York Mellon will be the trustee.

The company is using in-house counsel. The underwriters are working with Pillsbury Winthrop Shaw Pittman LLP.

Proceeds will be used to redeem the company’s $325 million of 3.375% first-mortgage bonds due Aug. 15, 2023 and for general corporate purposes.

Consumers Energy is a Jackson, Mich.-based public electric and gas utility and a subsidiary of CMS Energy Corp.

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