Attached files
file | filename |
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EX-10.1 - EXHIBIT 10.1 - DTE ENERGY CO | c23666exv10w1.htm |
EX-10.2 - EXHIBIT 10.2 - DTE ENERGY CO | c23666exv10w2.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 21, 2011
Exact Name of Registrant as Specified in its Charter, | ||||
Commission | State of Incorporation, Address of Principal | I.R.S. Employer | ||
File Number | Executive Offices and Telephone Number | Identification No. | ||
1-11607
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DTE Energy Company (a Michigan corporation) One Energy Plaza Detroit, Michigan 48226-1279 313-235-4000 |
38-3217752 |
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:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01. Entry into a Material Definitive Agreement.
On October 21, 2011, DTE Energy Company (DTE Energy) entered into an amended and restated
five-year unsecured revolving credit agreement by and among DTE Energy, the lenders party thereto,
Citibank, N.A. (Citibank), as Administrative Agent, and Barclays Capital (Barclays), The Bank
of Nova Scotia (Bank of Nova Scotia) and JPMorgan Chase Bank, N.A. (JPMorgan), as
Co-Syndication Agents. DTE Energys aggregate availability under the five-year facility is
$1,100,000,000. Borrowings under the five-year facility will be available at prevailing short-term
interest rates. The five-year facility will also support DTE Energys commercial paper borrowings.
The five-year facility expires in October 2016 and requires the maintenance of a debt to
capitalization ratio of no more than .65 to 1.
On October 21, 2011, Michigan Consolidated Gas Company, a wholly-owned subsidiary of DTE
Energy (MichCon), entered into an amended and restated five-year unsecured revolving credit
agreement by and among MichCon, the lenders party thereto, JPMorgan, as Administrative Agent, and
Barclays, Citibank and Bank of America, N.A (Bank of America), as Co-Syndication Agents.
MichCons aggregate availability under the five-year facility is $400,000,000. Borrowings under
the five-year facility will be available at prevailing short-term interest rates. The five-year
facility will also support MichCons commercial paper borrowings. The five-year facility expires
in October 2016 and requires the maintenance of a debt to capitalization ratio of no more than .65
to 1.
Item 1.02. Termination of a Material Definitive Agreement.
Effective October 21, 2011, DTE Energy terminated the Three-Year Credit Agreement and the
Amended and Restated Two-Year Credit Agreement both dated as of August 20, 2010, by and among DTE
Energy, the lenders party thereto and Citibank, as Administrative Agent. DTE Energy terminated
these credit facilities because they have been replaced with the new DTE Energy five-year credit
facility, dated as of October 21, 2011, as discussed under Item 1.01 above.
Effective October 21, 2011, MichCon terminated the Three-Year Credit Agreement and the Amended
and Restated Two-Year Credit Agreement both dated as of August 20, 2010, by and among MichCon, the
lenders party thereto and JPMorgan, as Administrative Agent. MichCon terminated these credit
facilities because they have been replaced with the new MichCon five-year credit facility, dated as
of October 21, 2011, as discussed under Item 1.01 above.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of a Registrant.
As discussed under Item 1.01 above, on October 21, 2011, DTE Energy entered into an amended
and restated five-year credit agreement for borrowings up to approximately $1,100,000,000. DTE
Energy transferred $104,000,000 in letters of credit outstanding under the terminated facilities
and does not have any other borrowings under the facility at this time.
As discussed under Item 1.01 above, on October 21, 2011, MichCon entered into an amended and
restated five-year credit agreement for borrowings up to $400,000,000. MichCon does not have any
borrowings under the facility at this time.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
10.1 | Form of Amended and Restated DTE Energy Five-Year Credit Agreement,
dated as of August 20, 2010 and amended and restated as of October
21, 2011, by and among DTE Energy Company, the lenders party thereto,
Citibank, N.A., as Administrative Agent, and Barclays Capital, The
Bank of Nova Scotia and JPMorgan Chase Bank, N.A., as Co-Syndication
Agents. |
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10.2 | Form of Amended and Restated MichCon Five-Year Credit Agreement,
dated as of August 20, 2010 and amended and restated as of October
21, 2011, by and among Michigan Consolidated Gas Company, the lenders
party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent,
and Barclays Capital, Citibank, N.A., and Bank of America, N.A., as
Co-Syndication Agents. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 26, 2011
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DTE ENERGY COMPANY (Registrant) |
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/s/ David R. Murphy
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Assistant Treasurer |
EXHIBIT INDEX
Exhibit | ||||
Number | Description | |||
10.1 | Form of Amended and Restated DTE Energy Five-Year Credit
Agreement, dated as of August 20, 2010 and amended and restated as
of October 21, 2011, by and among DTE Energy Company, the lenders
party thereto, Citibank, N.A., as Administrative Agent, and
Barclays Capital, The Bank of Nova Scotia and JPMorgan Chase Bank,
N.A., as Co-Syndication Agents. |
|||
10.2 | Form of Amended and Restated MichCon Five-Year Credit Agreement,
dated as of August 20, 2010 and amended and restated as of October
21, 2011, by and among, Michigan Consolidated Gas Company the
lenders party thereto, JPMorgan Chase Bank, N.A., as
Administrative Agent, and Barclays Capital, Citibank, N.A., and
Bank of America, N.A., as Co-Syndication Agents. |