DTE Energy Files 8-K on Debenture Issuance

Ticker: DTB · Form: 8-K · Filed: Mar 4, 2024 · CIK: 936340

Dte Energy Co 8-K Filing Summary
FieldDetail
CompanyDte Energy Co (DTB)
Form Type8-K
Filed DateMar 4, 2024
Risk Levellow
Pages3
Reading Time3 min
Sentimentneutral

Sentiment: neutral

Topics: debt-issuance, financing, utility

Related Tickers: DTE

TL;DR

DTE Energy dropped an 8-K detailing new debenture issuances, check the maturity dates!

AI Summary

On March 4, 2024, DTE Energy Co. filed an 8-K to report on the issuance of Series G 2020 4.375% Junior Subordinated Debentures due 2077. This filing also includes information regarding DTE Electric Co. and its Series E 2017 5.25% Junior Subordinated Debentures due 2077.

Why It Matters

This filing provides transparency regarding DTE Energy's long-term debt structure and financing activities, which can impact its financial leverage and future investment capacity.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of debt issuance and does not indicate any immediate financial distress or significant operational changes.

Key Numbers

  • 4.375% — Interest Rate (Series G Debentures)
  • 5.25% — Interest Rate (Series E Debentures)

Key Players & Entities

  • DTE Energy Co. (company) — Filer
  • DTE Electric Co. (company) — Subsidiary
  • Series G 2020 4.375% Junior Subordinated Debentures due 2077 (dollar_amount) — Debt Instrument
  • Series E 2017 5.25% Junior Subordinated Debentures due 2077 (dollar_amount) — Debt Instrument

FAQ

What is the principal amount of the Series G 2020 Junior Subordinated Debentures?

The filing does not specify the principal amount of the Series G 2020 4.375% Junior Subordinated Debentures due 2077.

What is the purpose of issuing these subordinated debentures?

The filing does not explicitly state the purpose of issuing these subordinated debentures, but such issuances are typically for general corporate purposes, including funding capital expenditures or refinancing existing debt.

When were the Series E 2017 Junior Subordinated Debentures issued?

The Series E 2017 5.25% Junior Subordinated Debentures due 2077 were issued in 2017, as indicated by their name.

Are there any covenants associated with these debentures?

The filing does not detail specific covenants associated with these debentures; such information would typically be found in the indenture agreement, which is not fully provided in this 8-K.

What is the maturity date for both series of debentures?

Both the Series G 2020 4.375% Junior Subordinated Debentures and the Series E 2017 5.25% Junior Subordinated Debentures have a maturity date of 2077.

Filing Stats: 756 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2024-03-04 17:20:11

Filing Documents

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. DTE Energy Company ("DTE Energy") will meet with investors on March 5, 2024. A copy of the slide presentation from the meetings is furnished as Exhibit 99.1 to this report and will be available on DTE Energy's website, www.dteenergy.com on March 4, 2024. In its business presentation and this filing, DTE Energy discusses 2024 operating earnings guidance. It is likely that certain items that impact the company's 2024 reported results will be excluded from operating results. Reconciliations to the comparable 2024 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items (i.e. future non-recurring items, certain mark-to-market adjustments and discontinued operations). These items may fluctuate significantly from period to period and may have a significant impact on reported earnings. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Slide Presentation of DTE Energy Company dated March 5, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Forward-Looking Statements

Forward-Looking Statements : This Form 8-K contains forward-looking statements that are subject to various assumptions, risks and uncertainties. It should be read in conjunction with the "Forward-Looking Statements" section in DTE Energy's and DTE Electric Company's (DTE Electric) 2023 Form 10-K (which section is incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy and DTE Electric that discuss important factors that could cause DTE Energy's and DTE Electric's actual results to differ materially. DTE Energy and DTE Electric expressly disclaim any current intention to update any forward-looking statements contained in this report as a result of new information or future events or developments.

SIGNATURES

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: March 4, 2024 DTE ENERGY COMPANY (Registrant) /s/David Ruud David Ruud Senior Vice President and Chief Financial Officer DTE ELECTRIC COMPANY (Registrant) /s/David Ruud David Ruud Senior Vice President and Chief Financial Officer

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