Summary
On March 14, 2008, CMS Energy Corporation's subsidiary, Consumers Energy Company, successfully issued and sold $250 million in principal amount of 5.65% First Mortgage Bonds due in 2018. This debt offering was conducted under an effective shelf registration statement and utilized a prospectus supplement dated March 10, 2008. The proceeds from this bond issuance are designated for general corporate purposes. This filing serves to officially report the bond issuance and to file associated documentation, including the underwriting agreement, a supplemental indenture, and a legal opinion from Consumers Energy's Assistant General Counsel. Investors should note that the company includes forward-looking statements within this report and encourages a review of the 'Risk Factors' and 'Management's Discussion and Analysis' sections of their latest 10-K filings for a comprehensive understanding of potential risks.
Key Highlights
- 1Consumers Energy Company issued $250 million in 5.65% First Mortgage Bonds maturing in 2018.
- 2The bond offering was completed on March 14, 2008.
- 3Proceeds from the issuance are earmarked for general corporate purposes.
- 4The offering was made under an effective shelf registration statement (Form S-3 No 333-120611).
- 5Key documents filed as exhibits include the underwriting agreement, a supplemental indenture, and a legal opinion.
- 6CMS Energy's CFO, Thomas J. Webb, signed the Form 8-K for both CMS Energy Corporation and Consumers Energy Company.
- 7The report references forward-looking statements and advises investors to review risk factors in the 10-K filings.