DTE Energy Company announces pricing of 2025 Series H 6.25% junior subordinated debentures
DTE Energy (NYSE: DTE) has announced the pricing of its $600 million 2025 Series H Junior Subordinated Debentures with a 6.25% interest rate, maturing on October 1, 2085. The offering is expected to settle on September 17, 2025.
The company plans to use the proceeds to repay short-term borrowings and for general corporate purposes. The offering is being managed by several financial institutions, including BofA Securities, J.P. Morgan Securities, Morgan Stanley & Co., and Wells Fargo Securities as joint book-running managers.
DTE Energy (NYSE: DTE) ha annunciato il pricing dei suoi Debentures Junior Subordinati Serie H 2025 per 600 milioni di dollari con un tasso di interesse del 6,25%, con scadenza il 1掳 ottobre 2085. L'operazione dovrebbe essere regolata il 17 settembre 2025.
I proventi saranno utilizzati per rimborsare finanziamenti a breve termine e per finalit脿 aziendali generali. L'offerta 猫 gestita da diverse istituzioni finanziarie, fra cui BofA Securities, J.P. Morgan Securities, Morgan Stanley & Co. e Wells Fargo Securities come joint book-running managers.
DTE Energy (NYSE: DTE) ha anunciado la fijaci贸n del precio de sus Debentures Subordinados Junior Serie H 2025 por 600 millones de d贸lares con un tipo de inter茅s del 6,25%, con vencimiento el 1 de octubre de 2085. Se espera que la operaci贸n se liquide el 17 de septiembre de 2025.
La compa帽铆a planea utilizar los fondos para cancelar pr茅stamos a corto plazo y para fines corporativos generales. La colocaci贸n est谩 gestionada por varias entidades financieras, entre ellas BofA Securities, J.P. Morgan Securities, Morgan Stanley & Co. y Wells Fargo Securities como joint book-running managers.
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DTE Energy (NYSE: DTE) a annonc茅 la tarification de ses debentures subordonn茅es junior s茅rie H 2025 pour 600 millions de dollars 脿 un taux d'int茅r锚t de 6,25%, arrivant 脿 茅ch茅ance le 1er octobre 2085. Le r猫glement de l'op茅ration est attendu le 17 septembre 2025.
La soci茅t茅 pr茅voit d'affecter le produit 脿 rembourser des emprunts 脿 court terme et 脿 des besoins g茅n茅raux de l'entreprise. L'offre est g茅r茅e par plusieurs 茅tablissements financiers, dont BofA Securities, J.P. Morgan Securities, Morgan Stanley & Co. et Wells Fargo Securities en tant que co-lead managers.
DTE Energy (NYSE: DTE) hat die Preisfestsetzung seiner 2025er Serie H Junior Subordinated Debentures in H枚he von 600 Millionen US-Dollar mit einem Zinssatz von 6,25% bekannt gegeben; F盲lligkeit ist der 1. Oktober 2085. Die Abwicklung der Emission soll am 17. September 2025 erfolgen.
Die Erl枚se sollen zur R眉ckzahlung kurzfristiger Verbindlichkeiten und f眉r allgemeine Unternehmenszwecke verwendet werden. Die Platzierung wird von mehreren Finanzinstituten betreut, darunter BofA Securities, J.P. Morgan Securities, Morgan Stanley & Co. und Wells Fargo Securities als gemeinsame Bookrunner.
- Raised significant capital of $600 million through debt offering
- Long-term maturity date of 2085 provides financial flexibility
- Additional debt increases company's leverage and interest expenses
- 6.25% interest rate represents relatively high borrowing cost
The sale of the junior subordinated notes is expected to settle on Sept. 17, 2025, subject to the satisfaction of customary closing conditions. DTE intends to use the net proceeds of the offering for the repayment of short-term borrowings and for general corporate purposes.
BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC are acting as joint book-running managers, and Comerica Securities, Inc. and Huntington Securities, Inc., as co-managers.
The offering will be made under an effective shelf registration statement, as amended, filed with the
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The information contained herein is as of the date of this release. DTE Energy expressly disclaims any current intention to update any forward-looking statements contained in this release as a result of new information or future events or developments. Words such as "anticipate," "believe," "expect," "may," "could," "projected," "aspiration," "plans" and "goals" signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various assumptions, risks and uncertainties, and actual results may differ materially.
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