Summary
Xcel Energy Inc. (XEL) announced the issuance of $800 million in aggregate principal amount of senior notes on December 1, 2016. This offering comprises $300 million of 2.60% Senior Notes due March 15, 2022, and $500 million of 3.35% Senior Notes due December 1, 2026. The issuance was conducted under an existing registration statement and governed by the Company's Indenture with Wells Fargo Bank, National Association, as trustee, as supplemented by Supplemental Indenture No. 10. This filing serves to report key documents related to the offering, including the supplemental indenture and an opinion regarding the validity of the notes. The issuance of new debt indicates Xcel Energy's strategy to manage its capital structure and potentially fund ongoing operations or capital expenditures. Investors should note the specific interest rates and maturity dates, which will impact the company's future interest expense and refinancing needs.
Key Highlights
- 1Xcel Energy issued $300 million in 2.60% Senior Notes due March 15, 2022.
- 2Xcel Energy issued $500 million in 3.35% Senior Notes due December 1, 2026.
- 3Total aggregate principal amount of notes issued is $800 million.
- 4The notes were issued under an existing Form S-3 registration statement.
- 5The issuance is governed by the Company's Indenture and Supplemental Indenture No. 10.
- 6Key underwriting banks included Barclays Capital Inc., Morgan Stanley & Co. LLC, and MUFG Securities Americas Inc.
- 7The filing includes the Supplemental Indenture and an opinion on the validity of the notes as exhibits.