8-KOther EventsExhibits & Filings

XCEL ENERGY INC 8-K Report, Corporate Update (May 28, 2019)

Filed May 28, 2019For Securities:XELXELLL

Summary

Xcel Energy Inc. (XEL) filed an 8-K on May 28, 2019, to report on the issuance of $130 million in aggregate principal amount of 4.00% Senior Notes due June 15, 2028. This debt offering was conducted under an existing registration statement on Form S-3, indicating that the company is utilizing established shelf registration facilities to access capital markets efficiently. The notes are governed by the Company's Indenture and a Supplemental Indenture, with Wells Fargo Bank, National Association serving as the trustee.

Key Highlights

  • 1Xcel Energy issued $130 million in 4.00% Senior Notes due June 15, 2028.
  • 2The notes were issued on May 28, 2019, under an Underwriting Agreement dated May 21, 2019.
  • 3The offering utilized the company's existing Form S-3 registration statement (File No. 333-224333).
  • 4The notes are governed by the Company's Indenture and Supplemental Indenture No. 11.
  • 5Wells Fargo Bank, National Association acts as the trustee for the notes.
  • 6This filing primarily serves to incorporate by reference supporting documents related to the note offering.
  • 7The filing also includes an opinion from Scott M. Wilensky regarding the validity of the notes.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the issuance of $130 million in Senior Notes and to incorporate by reference certain exhibits related to this offering into the company's effective registration statement.

The Senior Notes have an aggregate principal amount of $130,000,000, carry a coupon rate of 4.00%, and mature on June 15, 2028. They are governed by Xcel Energy's existing Indenture and Supplemental Indenture No. 11.

While the filing doesn't explicitly state the use of proceeds, companies typically issue debt to fund capital expenditures, refinance existing debt, or for general corporate purposes. The use of an existing Form S-3 registration statement suggests this is part of ongoing capital management strategy.

The underwriters for this offering were Morgan Stanley & Co. LLC and MUFG Securities Americas Inc.