Summary
Xcel Energy Inc. (XEL) announced the successful issuance of $800 million in aggregate principal amount of senior notes through an Underwriting Agreement dated October 29, 2021. This offering comprises $500 million of 1.75% Senior Notes due March 15, 2027, and $300 million of 2.35% Senior Notes due November 15, 2031. These notes were issued under the Company's existing registration statement on Form S-3 and governed by the established Indenture, as supplemented by Supplemental Indenture No. 15. This filing serves to report key documents related to the offering, including the supplemental indenture and an opinion from counsel regarding the notes' validity, for incorporation by reference. The issuance represents a routine capital markets transaction for Xcel Energy to manage its debt structure and fund its operations.
Key Highlights
- 1Xcel Energy issued $800 million in senior notes, split into two tranches: $500 million at 1.75% maturing March 15, 2027, and $300 million at 2.35% maturing November 15, 2031.
- 2The notes were issued under a previously filed registration statement (Form S-3, File No. 333-255446).
- 3The issuance was facilitated by an Underwriting Agreement with BofA Securities, Inc., Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC as representatives.
- 4The notes are governed by the Company's Indenture, dated December 1, 2000, as supplemented by Supplemental Indenture No. 15.
- 5The filing includes the Supplemental Indenture and an opinion from counsel (Amy L. Schneider) validating the notes as exhibits.
- 6This appears to be a standard debt offering for capital management and operational funding.