Summary
Xcel Energy Inc. (XEL) filed an 8-K on September 12, 2011, to report the issuance of $250 million in aggregate principal amount of 4.80% Senior Notes, Series due September 15, 2041. This debt offering was conducted under an underwriting agreement with Barclays Capital Inc., Morgan Stanley & Co. LLC, and RBS Securities Inc., and was registered with the SEC via a Form S-3 filing. The issuance of these notes is governed by Xcel Energy's existing Trust Indenture and a newly executed Supplemental Indenture No. 6. This filing provides transparency to investors regarding Xcel Energy's capital structure and its ongoing financing activities. The long-term nature of these senior notes (30-year maturity) indicates a strategic move to secure long-term funding at a fixed rate. Investors should note that the full details of the underwriting agreement and the specific terms of the notes are available through the referenced prospectus supplement and supplemental indenture, which are incorporated by reference into this report.
Key Highlights
- 1Xcel Energy Inc. issued $250 million in 4.80% Senior Notes due September 15, 2041.
- 2The notes were issued under an underwriting agreement with Barclays Capital Inc., Morgan Stanley & Co. LLC, and RBS Securities Inc.
- 3The offering was conducted pursuant to a Form S-3 registration statement.
- 4A prospectus supplement related to the offering was filed on September 8, 2011.
- 5The notes are governed by Xcel Energy's Trust Indenture and Supplemental Indenture No. 6.
- 6The filing includes exhibits such as the Supplemental Indenture, an opinion on securities validity, and a computation of the ratio of earnings to fixed charges.