Company: DTK
Filing Date: 2025-10-28
Form Type: 8-K
Source: 0000936340-25-000216
Chunk: 0

Company: DTE ENERGY CO
Filing Date: 2025-10-28
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01. Entry into a Material Definitive Agreement.

On October 22, 2025, each of DTE Energy Company ("DTE Energy"), DTE Electric Company ("DTE Electric") and DTE Gas Company ("DTE Gas") entered into a sixth amended and restated five-year unsecured revolving credit agreement (each, a "Facility") with a syndicate of lenders and Citibank, N. A. ("Citibank"), as Administrative Agent. The Facilities amend and restate each respective borrower's prior fifth amended and restated five-year revolving credit agreement. Each Facility is unsecured and expires on October 22, 2030, with two options to request a one-year extension. Borrowings under each Facility will bear interest at the respective borrower's option of (i) the Base Rate plus the Applicable Margin, as defined in such Facility, or (ii) Adjusted Term SOFR plus the Applicable Margin.

The total lender commitments under each Facility are as follows: $1,500,000,000 for DTE Energy, $1,000,000,000 for DTE Electric, and $300,000,000 for DTE Gas. Each of the DTE Electric and DTE Gas Facilities requires the maintenance of a debt to capitalization ratio of no more than 0.65 to 1. The DTE Energy Facility requires the maintenance of a debt to capitalization ratio of no more than 0.70 to 1. In addition, each Facility contains customary covenants and events of default. The proceeds of any borrowing under each Facility may be used for general corporate purposes.

The foregoing description is qualified in its entirety by reference to the full text of the respective Facilities, the forms of which are attached as exhibits hereto and incorporated by reference herein.