DTE Gas Company

Overview

Deal Type Private Placement
Size $260 Million
First Mortgage Bonds
Client & Transactional Partners DTE Gas Company
Our Role Joint Lead Placement Agent

Summary

On September 29, 2022, DTE Gas Company (DTE Gas or the Company) closed on $130 million of privately placed 10-year First Mortgage Bonds and $130 million of privately placed 30-year First Mortgage Bonds. The Company will use the proceeds from the sale of the Bonds to refinance debt and for general corporate purposes, including funding capital expenditures. KeyBanc Capital Markets acted as Joint Lead Placement Agent on the transaction.

DTE Gas is a public utility company engaged in the purchase, storage, transportation, distribution and sale of natural gas in Michigan. The Company operates one of the largest natural gas distribution and transmission systems in the United States, serving approximately 1.3 million residential, commercial and industrial customers located throughout the State of Michigan. DTE Gas also has regulated subsidiaries involved in the storage of natural gas in Michigan.

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