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XCEL ENERGY INC 8-K Report, Corporate Update (Nov 14, 2007)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed November 14, 2007
Period End
November 9, 2007
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 14, 2007. Cited figures are marked; the original filing is the authoritative source.

Xcel Energy Inc. (XEL) filed an 8-K on November 14, 2007, primarily to report on a debt offering.

The company announced an offer to exchange up to $253,979,000a of its 5.613% Senior Notes, Series B due 2017, which are registered under the Securities Act of 1933, for an equivalent principal amount of its outstanding 5.613% Senior Notes, Series A due 2017. This exchange offer represents a proactive move by Xcel Energy to manage its debt structure.

Investors holding the Series A notes are being offered the opportunity to convert their holdings into Series B notes. This action may be driven by various factors, including potential improvements in liquidity, debt maturity management, or the desire to consolidate debt under a registered issuance for simplified future financing or regulatory compliance.

02—Key points

Key Highlights

  1. Xcel Energy Inc. announced a debt exchange offer on November 9, 2007.
  2. The offer involves exchanging Series A Senior Notes due 2017 for Series B Senior Notes due 2017.
  3. The aggregate principal amount of the exchange offer is up to $253,979,000.
  4. The Series B notes being offered are registered under the Securities Act of 1933.
  5. The exchange aims to manage the company's debt profile.
  6. The press release detailing this offer is filed as Exhibit 99.1.

03—Questions

Frequently Asked Questions

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

    The main purpose of this 8-K filing is to publicly announce Xcel Energy Inc.'s offer to exchange its outstanding 5.613% Senior Notes, Series A due 2017, for its 5.613% Senior Notes, Series B due 2017.

  2. What are the terms of the debt exchange offer?

    Xcel Energy is offering to exchange up to $253,979,000 aggregate principal amount of its registered 5.613% Senior Notes, Series B due 2017, for an equal principal amount of its outstanding 5.613% Senior Notes, Series A due 2017.

  3. Why would Xcel Energy conduct this debt exchange?

    Companies typically conduct debt exchanges to manage their debt maturity profiles, potentially reduce borrowing costs, improve liquidity, or simplify their capital structure. In this case, the Series B notes are registered, which could offer advantages for future financial flexibility.

  4. Who is the target audience for this exchange offer?

    The target audience for this exchange offer is the holders of Xcel Energy's outstanding 5.613% Senior Notes, Series A due 2017.

04—Continue

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