In a first in the US, a company has entered into a syndicated sustainability-linked revolving loan. CMS Energy and its subsidiary, Consumers Energy, have entered into $1.4 billion revolving credit facilities from Barclays, the sole Sustainability Structuring Agent on the loan. This means that CMS can reduce its interest rate on the new credit by meeting targets related to environmental responsibility, CMS says. Sustainability-linked loans are products that allow issuers to demonstrate their commitment to sustainability, according to Barclays.
JACKSON, Mich., June 7, 2018 /3BL Media/ – CMS Energy and its primary subsidiary, Consumers Energy (collectively “CMS”), announced they have entered the first syndicated sustainability-linked revolving credit facilities for a U.S. borrower.
The aggregate $1.4 billion of new credit facilities allow CMS to reduce its interest rate by meeting targets related to environmental sustainability, specifically renewable energy generation.
Overall Winner, People's Choice to be announced during ArtPrize 10 this fall
GRAND RAPIDS, Mich., May 31, 2018 /3BL Media/ – Organizers have announced the 10 finalists out of nearly 50 entries from Grand Rapids Public Schools student artists who will have their energy-related art work highlighted during this fall’s ArtPrize competition through collaboration with the school district and Consumers Energy.
DETROIT, MI, May 18, 2018 /3BL Media/ -- Consumers Energy and DTE Energy today said they are accelerating plans to produce cleaner energy in Michigan, targeting at least a 50 percent Clean Energy Goal by 2030– achieved through a combination of investments in at least 25 percent renewable energy, and the remaining through energy efficiency.