8-KOther EventsExhibits & Filings

XCEL ENERGY INC 8-K Report, Corporate Update (Jun 25, 2018)

Filed June 25, 2018For Securities:XELXELLL

Summary

Xcel Energy Inc. (XEL) announced the issuance of $500 million in aggregate principal amount of 4.00% Senior Notes, due June 15, 2028. This offering was conducted through an Underwriting Agreement with J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and MUFG Securities Americas Inc. as representatives of the underwriters. The notes were issued under a previously filed registration statement on Form S-3, with a prospectus supplement filed on June 21, 2018. This filing serves to report certain exhibit documents related to the offering and sale of these notes, incorporating them by reference into the registration statement. Investors should note that this action is primarily administrative and informational, confirming the details of a debt offering designed to fund the company's operations and capital expenditures.

Key Highlights

  • 1Xcel Energy Inc. has successfully issued $500,000,000 in Senior Notes.
  • 2The notes carry a coupon rate of 4.00% and mature on June 15, 2028.
  • 3The issuance was facilitated by an Underwriting Agreement with major financial institutions: J.P. Morgan, Morgan Stanley, and MUFG Securities Americas.
  • 4The offering is registered under Form S-3 (File No. 333-224333), indicating compliance with SEC registration requirements for debt securities.
  • 5This 8-K filing specifically reports exhibits related to the note issuance, including the Supplemental Indenture No. 11.
  • 6The notes are governed by the Company's existing Indenture dated December 1, 2000, as supplemented.
  • 7The filing includes supporting documents such as an opinion on the validity of the notes and a statement of the ratio of earnings to fixed charges.

Frequently Asked Questions

This Form 8-K filing is primarily to report certain exhibits related to the recent issuance of $500 million in Senior Notes. It serves to incorporate these key documents, such as the Supplemental Indenture, by reference into the company's effective registration statement.

The Senior Notes have an aggregate principal amount of $500,000,000, bear a fixed interest rate of 4.00%, and mature on June 15, 2028.

The issuance of debt increases Xcel Energy's leverage. While it provides capital for operations and investments, it also adds to the company's interest expense obligations. Investors should review the company's overall debt structure and financial health to understand the full impact.

Wells Fargo Bank, National Association, acts as the trustee for the notes, as per the Indenture dated December 1, 2000, and the Supplemental Indenture No. 11 executed on June 25, 2018.