DTE Energy announces exchange offer for $300 million of 2015 Series B 3.30% Senior Notes due 2022

DETROIT, May 11, 2016 /PRNewswire/ -- DTE Energy DTE has started a registered exchange offer to exchange up to $300 million aggregate principal amount of its 3.3 percent senior notes due 2022, which have been registered under the Securities Act of 1933 for all outstanding 3.3 percent senior notes due 2022 which were issued and sold by DTE Energy in June 2015 in a private placement offering.

The sole purpose of this exchange offer is to fulfill DTE Energy's obligations with respect to the registration of the notes issued in the private placement.

The exchange offer is contemplated in a registration rights agreement entered into by DTE Energy in connection with the private placement under which DTE Energy agreed to register substantially identical notes, and to offer to exchange these registered notes for the existing notes issued in the private placement. The registration statement on Form S-4, as amended, pursuant to which the notes were registered was declared effective by the Securities and Exchange Commission on May 9, 2016. 

The exchange notes will have substantially the same form and terms as the outstanding notes, except that the exchange notes are registered under the Securities Act of 1933, as amended, and the transfer restrictions, registration rights and additional interest provisions relating to the outstanding notes will not apply to the exchange notes. Any outstanding notes not exchanged will continue to have restrictions on transfer. Terms of the exchange offer are contained in the exchange offer prospectus and letter of transmittal.

The exchange offer will expire at 5 p.m. EDT June 9, 2016, unless the exchange offer is extended by DTE Energy.

Copies of the exchange offer prospectus and the letter of transmittal may be obtained from the Exchange Agent, The Bank of New York Mellon Trust Company, N.A., at 315-414-3362. This announcement is not an offer to sell any securities or a solicitation of any offer to buy any securities. The exchange offer will be made only by means of a written prospectus.

About DTE Energy
DTE Energy 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 utility serving 2.2 million customers in Southeastern Michigan and a natural gas utility serving 1.2 million customers in Michigan. The DTE Energy portfolio includes non-utility energy businesses focused on power and industrial projects, natural gas pipelines, gathering and storage, and energy marketing and trading. As one of Michigan's leading corporate citizens, DTE Energy is a force for growth and prosperity in the 450 Michigan communities it serves in a variety of ways, including philanthropy, volunteerism and economic progress. Information about DTE Energy is available at dteenergy.com, twitter.com/dte_energy and facebook.com/dteenergy.

The 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," "projected," "aspiration" 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.  We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.  This presentation should also be read in conjunction with the Forward-Looking Statements section of the DTE Energy 2015 Form 10-K and 2016 Form 10-Q (which sections are incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy.

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SOURCE DTE Energy