Summary
Xcel Energy Inc. (XEL) filed an 8-K on December 18, 2000, reporting a significant financing event that occurred on December 14, 2000. The company entered into an Underwriting Agreement to issue $600,000,000 in aggregate principal amount of 7% Senior Notes, Series due 2010. This issuance indicates the company's strategy to raise substantial capital, likely for general corporate purposes, expansion, or refinancing existing debt. Investors should note the details of this debt issuance, including the interest rate and maturity date, as they impact the company's leverage and future interest expense. The filing also includes the relevant trust indentures and a computation of the company's ratio of earnings to fixed charges, providing key financial metrics for assessing the company's ability to service its debt obligations. This proactive capital raising measure is a crucial development for understanding Xcel Energy's financial health and strategic direction at the time.
Key Highlights
- 1Xcel Energy Inc. issued $600,000,000 in 7% Senior Notes, Series due 2010.
- 2The Underwriting Agreement was executed on December 14, 2000.
- 3The filing includes the Trust Indenture and Supplemental Trust Indenture for the notes.
- 4Salomon Smith Barney Inc. acted as the representative of the underwriters.
- 5The company also filed a computation of its ratio of earnings to fixed charges.