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XCEL ENERGY INC 8-K Report (Nov 19, 2002)

Reports
Other Events
Filing Date
Filed November 19, 2002
Period End
November 19, 2002
Securities
XELXELLL
In the record · 2016–202610-K1110-Q328-K247

XEL filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 247 current reports (8-K) between 2016 and 2026.

  1. FY2016 annual report10-K · Feb ’17Feb ’17
  2. Material agreement8-K · Dec ’19Dec ’19
  3. Leadership change8-K · Mar ’22Mar ’22
  4. Leadership change8-K · Dec ’25Dec ’25

01—Abstract

Summary

Summary of the 8-K filed November 19, 2002. Cited figures are marked; the original filing is the authoritative source.

Xcel Energy Inc. (XEL) announced on November 19, 2002, a planned private offering of $200 milliona in convertible senior notes, with an option for underwriters to purchase an additional $30 million.

These notes are set to mature in 2007 and are convertible into Xcel Energy's common stock. This move is aimed at raising capital, though the exact use of funds is not detailed in this filing, it suggests a strategy to bolster financial resources or fund operations/growth. Investors should note that the offering is subject to market and other conditions, meaning the final amount raised and terms could vary.

The convertible nature of the notes presents both debt obligations and potential equity dilution for existing shareholders if conversion occurs. Further details regarding the offering can be found in the press release filed as an exhibit to this Form 8-K.

02—Key points

Key Highlights

  1. Xcel Energy Inc. is planning a private offering of convertible senior notes.
  2. The company aims to raise $200 million, with an option for an additional $30 million.
  3. The notes will mature in 2007.
  4. The senior notes are convertible into Xcel Energy's common stock.
  5. The offering is subject to market and other conditions.
  6. The filing was made on November 19, 2002.
  7. Richard C. Kelly, Vice President and Chief Financial Officer, signed the filing.

03—Questions

Frequently Asked Questions

  1. What is the main purpose of this 8-K filing?

    This 8-K filing announces Xcel Energy Inc.'s intention to conduct a private offering of convertible senior notes to raise capital, with details provided in an attached press release.

  2. How much money does Xcel Energy plan to raise?

    Xcel Energy plans to raise $200 million through the private offering of convertible senior notes, with the possibility of raising an additional $30 million if underwriters exercise their option.

  3. What are convertible senior notes?

    Convertible senior notes are a type of debt security that pays interest but can also be converted into a predetermined amount of the issuing company's common stock, offering investors the potential for equity appreciation.

  4. When do these notes mature?

    The convertible senior notes are set to mature in 2007.

04—Continue

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