0001104659-19-046516.txt : 20190819 0001104659-19-046516.hdr.sgml : 20190819 20190819160632 ACCESSION NUMBER: 0001104659-19-046516 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190819 DATE AS OF CHANGE: 20190819 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONSUMERS ENERGY CO CENTRAL INDEX KEY: 0000201533 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 380442310 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-216355-01 FILM NUMBER: 191036510 BUSINESS ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: JACKSON STATE: MI ZIP: 49201 BUSINESS PHONE: 5177880550 MAIL ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: JACKSON STATE: MI ZIP: 49201 FORMER COMPANY: FORMER CONFORMED NAME: CONSUMERS POWER CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CONSUMERS ENERGY CO CENTRAL INDEX KEY: 0000201533 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 380442310 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: JACKSON STATE: MI ZIP: 49201 BUSINESS PHONE: 5177880550 MAIL ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: JACKSON STATE: MI ZIP: 49201 FORMER COMPANY: FORMER CONFORMED NAME: CONSUMERS POWER CO DATE OF NAME CHANGE: 19920703 FWP 1 a19-13321_2fwp.htm FWP

 

Filed under Rule 433
File No. 333-216355-01

 

Final Term Sheet

 

August 19, 2019

 

Issuer:

Consumers Energy Company

Securities:

3.10% First Mortgage Bonds due 2050

Aggregate Principal Amount Offered:

$550,000,000

Maturity Date:

August 15, 2050

Coupon:

3.10%

Yield to Maturity:

3.136%

Spread to Benchmark Treasury:

+105 basis points

Benchmark Treasury Security:

2.875% due May 15, 2049

Benchmark Treasury Price and Yield:

117-13+; 2.086%

Interest Payment Dates:

February 15 and August 15

First Interest Payment Date:

February 15, 2020

Public Offering Price:

99.291%

Optional Redemption:

Make-whole call at any time prior to February 15, 2050 at the Treasury rate plus 20 basis points and, thereafter, at par

Trade Date:

August 19, 2019

Settlement Date:

September 3, 2019 (T+10)

Expected Ratings:

Aa3 / A / A+ (Moody’s / S&P / Fitch)

 

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:

BNP Paribas Securities Corp.

 

Citigroup Global Markets Inc.

 

J.P. Morgan Securities LLC

 

KeyBanc Capital Markets Inc.

 

Mizuho Securities USA LLC

 

MUFG Securities Americas Inc.

 

SMBC Nikko Securities America, Inc.

Co-Managers:

Comerica Securities, Inc.

 

Loop Capital Markets LLC

 

U.S. Bancorp Investments, Inc.

 

The Williams Capital Group, L.P.

CUSIP/ISIN:

210518 DF0 / US210518DF00

 

 

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, Mizuho Securities USA LLC toll-free at (866) 271-7403 or MUFG Securities Americas Inc. toll-free at (877) 649-6848.

 

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.

 

2