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

1. DTE Energy priced a $600 million offering of junior subordinated debentures. 2. The 6.25% notes mature on October 1, 2085, settling September 17, 2025. 3. Proceeds will repay short-term borrowings and support corporate initiatives. 4. Major financial institutions are managing the offering, indicating strong market support. 5. DTE aims to enhance financial stability and reduce debt obligations.

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FAQ

Why Bullish?

The issuance of debt at a relatively favorable rate suggests confidence in cash flows and future growth. Historical examples show similar offerings have positively impacted stock prices in energy sectors.

How important is it?

The offering enhances liquidity for DTE, suggesting financial robustness which can attract investors.

Why Short Term?

Initial price movements may reflect investor sentiment leading to the settlement date in 2025.

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NEESOXEL
, /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 [email protected], 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 EnergyDTE 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 statementsThe 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. SOURCE DTE Energy WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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