-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CXqZ76D/7xj9CRY1YOSW1Kk9lszZ1y9e36cARp8EnntWFZPrtx7js/ZM8g8ddBvR 5uNKoekuPviaPz7LhK0DGA== 0000201533-98-000087.txt : 19980810 0000201533-98-000087.hdr.sgml : 19980810 ACCESSION NUMBER: 0000201533-98-000087 CONFORMED SUBMISSION TYPE: 424B5 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980807 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CMS ENERGY CORP CENTRAL INDEX KEY: 0000811156 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 382726431 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B5 SEC ACT: SEC FILE NUMBER: 333-34087 FILM NUMBER: 98679366 BUSINESS ADDRESS: STREET 1: FAIRLANE PLZ SOUTH STE 1100 STREET 2: 330 TOWN CENTER DR CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3134369200 MAIL ADDRESS: STREET 1: FAIRLANE PLAZA SOUTH, SUITE 1100 STREET 2: 330 TOWN CENTER DRIVE CITY: DEARBORN STATE: MI ZIP: 48126 424B5 1 PRICING SUPPLEMENT NO 113 DATED AUGUST 7, 1998 PRICING SUPPLEMENT NO. 113 DATED Filed Pursuant to AUGUST 6, 1998 TO PROSPECTUS DATED Rule 424(b)(5) SEPTEMBER 17, 1997, AS SUPPLEMENTED BY File No. 333-34087 PROSPECTUS SUPPLEMENTS DATED OCTOBER 1, 1997 CMS ENERGY CORPORATION General Term Notes (servicemark of J.W. Korth & Company), Series D Due 9 Months to 25 Years from date of issue Pursuant to the terms of a Distribution Agreement as supplemented by certain letter agreements, the Company has appointed the Agents referred to below as agents through which General Term Notes (servicemark of J.W. Korth & Company) (the "Notes") may be offered by the Company on a continuous basis. Additional Agents may be designated under the Distribution Agreement from time to time. Except as set forth herein, the Notes offered hereby have such terms as are described in the accompanying Prospectus dated September 17, 1997, as supplemented by the Prospectus Supplements dated October 1, 1997. On June 23, 1998, the Company announced an accounting change for its oil and gas exploration and production subsidiary which required the Company to record a one-time, non-cash reduction of shareholders' equity of about $176 million after tax. As a result of the accounting change, the Company's financial statements for prior periods have been restated. Shareholder equity as restated was $1.787 billion at year-end 1997. Refer to Forms 8-K dated June 23 and July 30, 1998 for further discussion of this accounting change and copies of these restated financial statements. On August 3, 1998, the Company announced the execution of a merger agreement with Continental Natural Gas, Inc. ("CNGL"), a $185 million (assets) energy company engaged in gathering, processing, purchasing and marketing natural gas and natural gas liquids in Oklahoma and Texas. Approximately $65 million of CMS Energy Common Stock will be issued to acquire 100% of CNGL's common stock and approximately $90 million of CNGL debt will be assumed in the transaction, which is intended to be accounted for as a pooling of interests. The merger agreement is subject to ratification by the holders of a majority of CNGL's common stock. The transaction is expected to close early in the fourth quarter of 1998. Other than compliance with the Hart-Scott-Rodino Act, the transaction does not require any governmental approvals. CUSIP Number: 12589QYY6 Aggregate Principal Amount: $ 2,256,000.00 Original Issue Date (Settlement Date): August 11, 1998 Stated Maturity Date: July 15, 2005 Issue Price to Public: 100.00% of Principal Amount Interest Rate: 6.750% Per Annum Interest Payment Dates: September 15 and monthly thereafter Commencing September 15, 1998 Survivor's Option: [ X ] Yes [ ] No Optional Redemption: [ X ] Yes [ ] No Initial Redemption Date: July 15, 2000 Redemption Price: Initially 101.00% of Principal Amount and 100% after the first anniversary of the Initial Redemption Date. Principal Amount of Notes Agent Solicited by Each Agent Prudential Securities Incorporated $ 1,543,000.00 First of Michigan Corporation $ 0.00 J.W. Korth & Company $ 713,000.00 Total $ 2,256,000.00 Per Note Sold by Agents To Public Total Issue Price: $ 1,000.00 $ 2,256,000.00 Agent's Discount or Commission: $ 7.00 $ 15,792.00 Maximum Dealer's Discount or Selling Concession: $ 18.00 $ 40,608.00 Proceeds to the Company: $ 975.00 $ 2,199,600.00 CUSIP Number: 12589QYY6 -----END PRIVACY-ENHANCED MESSAGE-----