Skip to content
AnalystLens

XCEL ENERGY INC 8-K Report (Jan 23, 2003)

Reports
Other Events
Filing Date
Filed January 23, 2003
Period End
January 22, 2003
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 January 23, 2003. Cited figures are marked; the original filing is the authoritative source.

Xcel Energy Inc. (XEL) reported on January 23, 2003, significant steps taken to bolster its financial liquidity as of January 22, 2003.

The company announced an increase in holding company liquidity to approximately $300 milliona. This improvement was achieved through two key transactions: the successful completion of a new $100 million, nine-month term loan facility and the closing of the sale of Viking Gas Transmission Company. These actions are crucial for investors as they directly address the company's financial health and ability to meet its short-term obligations.

The increased liquidity suggests a more stable financial footing, which can reduce perceived risk for shareholders. The sale of Viking Gas Transmission Company also indicates a strategic move to streamline operations or divest non-core assets, potentially leading to a more focused business model going forward.

02—Key points

Key Highlights

  1. Xcel Energy increased its holding company liquidity to approximately $300 million as of January 22, 2003.
  2. A new $100 million, nine-month term loan facility was completed.
  3. The sale of Viking Gas Transmission Company has been closed.
  4. These events aim to strengthen the company's financial position.
  5. The company is taking steps to manage its financial resources proactively.
  6. Richard C. Kelly, Vice President and Chief Financial Officer, signed off on the report, indicating financial oversight.

03—Questions

Frequently Asked Questions

  1. What is the primary reason for this 8-K filing?

    This 8-K filing is to report on events that occurred on January 22, 2003, specifically the increase in Xcel Energy's holding company liquidity to approximately $300 million through a new term loan and the sale of Viking Gas Transmission Company.

  2. How much did Xcel Energy's liquidity increase?

    Xcel Energy's liquidity at the holding company level increased to about $300 million.

  3. What were the specific transactions that led to the liquidity increase?

    The liquidity increase was a result of completing a new $100 million, nine-month term loan facility and closing the sale of Viking Gas Transmission Company.

  4. Who are the parties involved in the new credit agreement?

    The credit agreement is between Xcel Energy, King Street Capital, and an affiliate of Perry Capital.

04—Continue

← View all 8-K filings