DTE Energy company announces redemption of 2012 Series C 5.250% junior subordinated debentures
September 23 2020 - 09:18AM
DTE Energy (NYSE: DTE) announced today, 9/22/2020, that it has
priced its offering of $200 million aggregate principal amount 2020
Series G 4.375% Junior Subordinated Debentures due Oct. 15, 2080.
The use of proceeds will be used to redeem the Company’s 2012
Series C 5.250% Junior Subordinated Debentures (NYSE: DTQ).
DTE Energy also announced today the full redemption of all
outstanding 2012 Series C 5.250% Junior Subordinated Debentures.
The 2012 Series C 5.250% Junior Subordinated Debentures will be
redeemed on Oct. 22, 2020. The redemption price is 100 percent of
the unpaid principal amount of the 2012 Series C 5.250% Junior
Subordinated Debentures, together with accrued and unpaid interest
up to, but excluding, Oct. 22, 2020. The 2012 Series C 5.250%
Junior Subordinated Debentures will be called for redemption in
minimum denominations of $25 and in multiples of $25.
Holders owning 2012 Series C 5.250% Junior Subordinated
Debentures through a broker, bank or other nominee should contact
that party for information.
For more information, holders of the 2012 Series C 5.250% Junior
Subordinated Debentures may contact the paying agent for the
redemption: The Bank of New York Mellon Trust Company, N.A.,
Corporate Trust, 111 Sanders Creek Parkway, East Syracuse, New York
13057, or by calling 800-254-2826.
About DTE Energy DTE Energy (NYSE: DTE) is a Detroit-based
diversified energy company involved in the development and
management of energy-related businesses and services nationwide.
Its operating units include an electric company serving 2.2 million
customers in Southeast Michigan and a natural gas company serving
1.3 million customers in Michigan. The DTE portfolio includes
energy businesses focused on power and industrial projects;
renewable natural gas; natural gas pipelines, gathering and
storage; and energy marketing and trading. DTE is committed to
serving with its energy through volunteerism, education and
employment initiatives, philanthropy and economic progress.
For further information, members of the media may contact: Pete
Ternes, DTE Energy, 313.235.5555
FORWARD-LOOKING STATEMENTS 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.
Pete Ternes
DTE Energy
313.235.5555
DTE Energy (NYSE:DTE)
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