Summary
Xcel Energy Inc. (XEL) announced on September 25, 2020, the issuance of $500 million in aggregate principal amount of 0.50% Senior Notes, Series due October 15, 2023. This offering was conducted under an Underwriting Agreement with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC acting as underwriters. The notes were issued pursuant to a previously filed registration statement on Form S-3, with a related prospectus supplement filed on September 23, 2020. These new senior notes are governed by the Company's existing Indenture and a specific Supplemental Indenture No. 14. The filing of this 8-K serves primarily to report certain exhibits related to this debt offering for incorporation by reference into the registration statement. Investors should note that this is a debt issuance and does not represent a change in equity or a new business segment, but rather a financing activity to potentially manage the company's capital structure and fund ongoing operations or projects.
Key Highlights
- 1Xcel Energy Inc. (XEL) successfully issued $500 million in Senior Notes.
- 2The notes carry a coupon rate of 0.50% and mature on October 15, 2023.
- 3The offering was facilitated through an Underwriting Agreement with major financial institutions.
- 4The issuance is registered under Form S-3 and a prospectus supplement was previously filed.
- 5The notes are governed by the Company's existing Indenture and Supplemental Indenture No. 14.
- 6This 8-K filing is primarily to report exhibits related to the debt issuance for incorporation by reference.