DTE inks $1.5B and $1.0B five-year revolving credit facilities

DTE Energy, DTE Electric, and DTE Gas entered into sixth amended and restated five‑year unsecured revolving credit agreements with a lender syndicate and Citibank as Administrative Agent.

Accepted by SEC EDGAR 10/28/2025 - 04:17 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

DTE Energy, DTE Electric, and DTE Gas entered into sixth amended and restated five‑year unsecured revolving credit agreements with a lender syndicate and Citibank as Administrative Agent. Commitments are $1,500,000,000 for DTE Energy, $1,000,000,000 for DTE Electric, and $300,000,000 for DTE Gas. Each Facility expires on October 22, 2030 and includes two options to request a one‑year extension.

Borrowings will accrue interest at the borrower’s option of the Base Rate plus the Applicable Margin or Adjusted Term SOFR plus the Applicable Margin. Covenants include a maximum debt‑to‑capitalization ratio of 0.70 to 1 for DTE Energy and 0.65 to 1 for DTE Electric and DTE Gas, along with customary covenants and events of default. Proceeds may be used for general corporate purposes.

Insights

Credit Markets Analyst

Material renewal of unsecured revolving credit lines extends liquidity to 2030 with standard covenants and flexible rate options.

DTE Energy, DTE Electric, and DTE Gas each entered sixth amended and restated five‑year unsecured revolving credit agreements. Commitments total $1.5B for **DTE Energy**, $1.0B for **DTE Electric**, and $300M for **DTE Gas**. Each facility matures on October 22, 2030 and includes two one‑year extension options. Borrowings accrue interest at either a Base Rate or Adjusted Term SOFR, in each case plus an Applicable Margin.

The facilities are unsecured and include customary covenants. Debt‑to‑capitalization must not exceed 0.70% to 1 for **DTE Energy** and 0.65% to 1 for **DTE Electric** and **DTE Gas**. Proceeds may be used for general corporate purposes. These lines function as committed backstop liquidity, supporting working capital, refinancing flexibility, and timing of cash flows without pledging collateral.

Key watch items: any future amendments affecting size, tenor, pricing, or covenants; actual usage levels versus commitments; and compliance with the stated debt‑to‑capitalization tests. The next structural milestone is the stated maturity on October 22, 2030, with potential one‑year extensions available if exercised.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did DTE (DTB) announce?

DTE Energy, DTE Electric, and DTE Gas each entered into a sixth amended and restated five‑year unsecured revolving credit agreement with Citibank as Administrative Agent.

What are the sizes of the new credit facilities for DTE (DTB)?

Commitments are $1,500,000,000 for DTE Energy, $1,000,000,000 for DTE Electric, and $300,000,000 for DTE Gas.

When do the new DTE (DTB) credit facilities expire?

Each Facility expires on October 22, 2030 and includes two options to request a one‑year extension.

What are the interest rate options on DTE’s (DTB) facilities?

Borrowings bear interest at either the Base Rate plus the Applicable Margin or Adjusted Term SOFR plus the Applicable Margin.

What financial covenants apply to DTE’s (DTB) facilities?

DTE Energy must maintain a debt‑to‑capitalization ratio ≤ 0.70 to 1; DTE Electric and DTE Gas each ≤ 0.65 to 1.

How can DTE (DTB) use the facility proceeds?

Proceeds of any borrowing under each Facility may be used for general corporate purposes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________

FORM 8-K

_____________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 22, 2025

Commission File Number: 1-11607

DTE Energy Company

Michigan						38-3217752
(State or other jurisdiction of incorporation or organization)						(I.R.S Employer Identification No.)

Commission File Number: 1-2198

DTE Electric Company

Michigan						38-0478650
(State or other jurisdiction of incorporation or organization)						(I.R.S Employer Identification No.)

Registrants address of principal executive offices: One Energy Plaza, Detroit, Michigan 48226-1221

Registrants telephone number, including area code: (313) 235-4000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Exchange on which Registered

Common stock, without par value

DTE

New York Stock Exchange

2017 Series E 5.25% Junior Subordinated Debentures due 2077

DTW

New York Stock Exchange

2020 Series G 4.375% Junior Subordinated Debentures due 2080

DTB

New York Stock Exchange

2021 Series E 4.375% Junior Subordinated Debentures due 2081

DTG

New York Stock Exchange

2025 Series H 6.25% Junior Subordinated Debentures due 2085

DTK

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under Exchange Act (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On October 22, 2025, each of DTE Energy Company ("DTE Energy"), DTE Electric Company ("DTE Electric") and DTE Gas Company ("DTE Gas") entered into a sixth amended and restated five-year unsecured revolving credit agreement (each, a "Facility") with a syndicate of lenders and Citibank, N.A. ("Citibank"), as Administrative Agent. The Facilities amend and restate each respective borrower's prior fifth amended and restated five-year revolving credit agreement. Each Facility is unsecured and expires on October 22, 2030, with two options to request a one-year extension. Borrowings under each Facility will bear interest at the respective borrower's option of (i) the Base Rate plus the Applicable Margin, as defined in such Facility, or (ii) Adjusted Term SOFR plus the Applicable Margin.

The total lender commitments under each Facility are as follows: $1,500,000,000 for DTE Energy, $1,000,000,000 for DTE Electric, and $300,000,000 for DTE Gas. Each of the DTE Electric and DTE Gas Facilities requires the maintenance of a debt to capitalization ratio of no more than 0.65 to 1. The DTE Energy Facility requires the maintenance of a debt to capitalization ratio of no more than 0.70 to 1. In addition, each Facility contains customary covenants and events of default. The proceeds of any borrowing under each Facility may be used for general corporate purposes.

The foregoing description is qualified in its entirety by reference to the full text of the respective Facilities, the forms of which are attached as exhibits hereto and incorporated by reference herein.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 is incorporated into this Item 2.03 by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

10.1			Form of Sixth Amended and Restated Five-Year Credit Agreement, dated as of October 22, 2025, by and among DTE Energy Company, the lenders party thereto, and Citibank, N.A., as Administrative Agent
10.2			Form of Sixth Amended and Restated Five-Year Credit Agreement, dated as of October 22, 2025, by and among DTE Electric Company, the lenders party thereto, and Citibank, N.A., as Administrative Agent
10.3			Form of Sixth Amended and Restated Five-Year Credit Agreement, dated as of October 22, 2025, by and among DTE Gas Company, the lenders party thereto, and Citibank, N.A., as Administrative Agent
104			Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Date: October 28, 2025

DTE ENERGY COMPANY

(Registrant)

/s/David Ruud

David Ruud

Vice Chairman and Chief Financial Officer

DTE ELECTRIC COMPANY

(Registrant)

/s/David Ruud

David Ruud

Vice Chairman and Chief Financial Officer