DTE Energy Company announces pricing of 2025 Series H 6.25% junior subordinated debentures

Rhea-AI Summary

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.

Positive

• Raised significant capital of $600 million through debt offering
• Long-term maturity date of 2085 provides financial flexibility

Negative

• Additional debt increases company's leverage and interest expenses
• 6.25% interest rate represents relatively high borrowing cost

News Market Reaction – DTE

+0.27%

1 alert

+0.27% News Effect

On the day this news was published, DTE gained 0.27%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DETROIT, Sept. 8, 2025 /PRNewswire/ -- DTE Energy Company (NYSE: DTE) announced today that it has priced its offering of $600 million aggregate principal amount 2025 Series H 6.25% Junior Subordinated Debentures due Oct. 1, 2085.

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 U.S. Securities and Exchange Commission (SEC). This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. Any offers of the securities will be made exclusively by means of a prospectus supplement and accompanying prospectus. Copies of these documents may be obtained by contacting BofA Securities, Inc. toll-free at 1-800-294-1322 or by email at dg.prospectus_requests@bofa.com, J.P. Morgan Securities LLC collect at 1-212-834-4533, Morgan Stanley & Co. LLC toll-free at 1-866-718-1649 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.

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 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress.

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.

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SOURCE DTE Energy

FAQ

What is the size and interest rate of DTE Energy's 2025 Series H debentures?

DTE Energy's Series H debentures total $600 million with a 6.25% interest rate.

When will DTE Energy's Series H debentures mature?

The junior subordinated debentures will mature on October 1, 2085.

How will DTE Energy use the proceeds from the 2025 Series H debentures?

DTE Energy plans to use the proceeds for repayment of short-term borrowings and general corporate purposes.

Who are the joint book-running managers for DTE Energy's debenture offering?

The joint book-running managers are BofA Securities, J.P. Morgan Securities, Morgan Stanley & Co., and Wells Fargo Securities.

When will DTE Energy's debenture offering settle?

The offering is expected to settle on September 17, 2025.