CMS Energy $1 Billion 3.125% Convertible Senior Notes Offering Due 2031

"Davis Polk acted as special product counsel to the representatives of the several initial purchasers in a Rule 144A offering by CMS Energy Corporation of $1 billion aggregate principal amount of 3.125% convertible senior notes due 2031, which included $150 million issued upon full exercise of the initial purchasers’ option. CMS Energy is a Michigan-based energy company and parent of Consumers Energy Company."

Davis Polk acted as special product counsel to the representatives of the several initial purchasers in connection with a Rule 144A offering by CMS Energy Corporation. The transaction consisted of an aggregate principal amount of $1.0 billion of CMS Energy Corporation’s 3.125% convertible senior notes due 2031. The offering included $150 million aggregate principal amount of notes issued pursuant to the full exercise of the initial purchasers’ option to purchase additional notes. CMS Energy Corporation is a Michigan-based energy company whose primary business is Consumers Energy Company, an electric and gas utility. The company also owns and operates independent power generation businesses. CMS Energy’s common shares are traded on the New York Stock Exchange under the ticker symbol CMS. Davis Polk represented the representatives of the several initial purchasers with a team composed by: partner Mark J. DiFiore (equity derivatives); counsel Gregory E. Marchesini (equity derivatives); counsel Yixuan Long (tax); and associate David J. Beer (tax). All members of the Davis Polk team are based in the New York office.

CMS Energy $1 Billion 3.125% Convertible Senior Notes Offering Due 2031

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