The company said it started a cash tender offer for up to $125 million (Aggregate Tender Cap) of 5 series of First Mortgage Bonds issued by Consumers Energy Company, based on principal amount, with the offer announced on June 4, 2025.

1. 01

   The company said it started a cash tender offer for up to $125 million (Aggregate Tender Cap) of 5 series of First Mortgage Bonds issued by Consumers Energy Company, based on principal amount, with the offer announced on June 4, 2025.

2. 02

   CMS Energy presented the outstanding amounts of the target bonds as $525,000,000 maturing in 2060 at 2.50%, $300,000,000 maturing in 2052 at 2.65%, $550,000,000 maturing in 2050 at 3.10%, $450,000,000 maturing in 2046 at 3.25%, and $575,000,000 maturing in 2051 at 3.50%.

3. 03

   The company said it set acceptance priority levels from 1 for the 2.500% bonds due 2060 to 5 for the 3.500% bonds due 2051, and that the Series Tender Cap of $125,000,000 applies to the 1 priority level bonds.

4. 04

   The company said the Early Tender Date is June 17, 2025 at 5 p.m. and the Expiration Date is July 3 at 5 p.m. (New York City time). It said it expects settlement for early tendered bonds on June 23 and for bonds tendered later on July 9.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.