04:42 PM EDT, 06/04/2025 (MT Newswires) -- CMS Energy ( CMS ) said Wednesday it started a $125 million cash tender offer for outstanding bonds issued by Consumers Energy ( CMS ).

The tender offer covers 2.5% first mortgage bonds due 2060, 2.65% first mortgage bonds due 2052, 3.1% first mortgage bonds due 2050, 3.25% first mortgage bonds due 2046, and 3.5% first mortgage bonds due 2051.

The offer expires July 3, unless extended or earlier terminated. Investors who tender by June 17 are eligible for an early tender payment of $30 per $1,000 in principal.

Settlement for early tenders is expected on June 23, according to the company.