WASHINGTON (dpa-AFX) - CMS Energy Corporation (CMS) on Monday said it plans to offer $750 million of convertible senior notes due 2031 in a private placement.
The company also expects to grant the initial purchasers an option to buy up to an additional $112.5 million of the notes.
CMS Energy said it intends to use the proceeds to retire its 3.60% senior notes due 2025, with the remaining proceeds to be used for general corporate purposes.
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