CMS Energy Announces Proposed Offering of $750 million of Convertible Senior Notes Due 2031

Core Viewpoint - CMS Energy Corporation plans to offer $750 million in convertible senior notes due 2031, with an option for initial purchasers to buy an additional $112.5 million within 13 days of issuance [1][2]. Group 1: Offering Details - The offering will be made under the Securities Act of 1933 and is intended for qualified institutional buyers [4]. - The convertible notes will be senior, unsecured obligations, convertible at the holders' option under certain conditions, with interest payable semiannually [3][4]. - CMS Energy will use the net proceeds to retire its 3.60% Senior Notes due 2025, which have an outstanding principal of $250 million, and for general corporate purposes [2]. Group 2: Company Overview - CMS Energy is a Michigan-based energy company, primarily operating Consumers Energy Company, an electric and gas utility [6].