Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
2024年7月30日 - 5:28AM
Edgar (US Regulatory)
Filed under Rule 433
File No. 333-270060-01
Final Term Sheet
July 29, 2024
| Issuer: |
Consumers Energy Company |
| Securities: |
4.70% First Mortgage Bonds due 2030 |
| Aggregate Principal Amount Offered: |
$700,000,000 |
| Maturity Date: |
January 15, 2030 |
| Coupon: |
4.70% |
| Yield to Maturity: |
4.748% |
| Spread to Benchmark Treasury: |
+68 basis points |
| Benchmark Treasury Security: |
4.000% due July 31, 2029 |
| Benchmark Treasury Price and Yield: |
99-22 ¼; 4.068% |
| Interest Payment Dates: |
January 15 and July 15 |
| First Interest Payment Date: |
January 15, 2025 |
| Record Dates: |
January 1 and July 1 |
| Public Offering Price: |
99.775% of the principal amount |
| Optional Redemption: |
Make-whole call at any time prior to November 15, 2029
at the Treasury rate plus 15 basis points and, thereafter, at par |
| Trade Date: |
July 29, 2024 |
| Settlement Date: |
August 5, 2024 (T+5) |
| Expected Ratings |
|
| (Moody’s / S&P / Fitch): |
A1 (stable) / A (stable) / A+ (stable) |
| |
Note:
A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time |
| Joint Book-Running Managers: |
Citigroup Global Markets Inc. |
| |
J.P. Morgan Securities LLC |
| |
MUFG Securities Americas Inc. |
| |
RBC Capital Markets, LLC |
| |
Scotia Capital (USA) Inc. |
| |
SMBC Nikko Securities America, Inc. |
| |
Wells Fargo Securities, LLC |
| Co-Managers: |
Comerica Securities, Inc. |
| |
KeyBanc Capital Markets Inc. |
| |
Loop Capital Markets LLC |
| CUSIP/ISIN: |
210518 DX1 / US210518DX16 |
Consumers Energy Company
has filed a registration statement (including a prospectus, as supplemented) with the Securities and Exchange Commission (“SEC”)
for the offering to which this communication relates. Before you invest, you should read the prospectus (as supplemented) in that registration
statement and other documents Consumers Energy Company has filed with the SEC for more complete information about Consumers Energy Company
and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Consumers
Energy Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it
by calling J.P. Morgan Securities LLC collect at (212) 834-4533, MUFG Securities Americas Inc. toll-free at (877) 649-6848 or Wells Fargo
Securities, LLC toll-free at (800) 645-3751.
Any disclaimers or other notices
that may appear below are not applicable to this communication and should be disregarded. Such disclaimers were automatically generated
as a result of this communication being sent via email or another communication system.
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