DTE Energy renews $2.8 billion in unsecured revolving credit facilities through 2030
DTE Energy, DTE Electric and DTE Gas entered into sixth amended and restated five-year unsecured revolving credit agreements on October 22, 2025, replacing their prior facilities with Citibank, N.A. as administrative agent. The filing sets total lender commitments of $1.5 billion for DTE Energy, $1.0 billion for DTE Electric and $300 million for DTE Gas, with proceeds usable for general corporate purposes.
Key points
- Total lender commitments: $1.5 billion (DTE Energy), $1.0 billion (DTE Electric), $300 million (DTE Gas)
- Facilities expire October 22, 2030, with two options to request a one-year extension
- Debt-to-capitalization covenants: no more than 0.70 to 1 for DTE Energy and 0.65 to 1 for DTE Electric and DTE Gas
- Borrowings bear interest at Base Rate plus Applicable Margin, or Adjusted Term SOFR plus Applicable Margin
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.