Xcel Energy 8-K, filed Nov 2, 2026

Summary

Xcel Energy announced a proposed private offering of $2 billion in aggregate principal amount of convertible senior notes due 2027, with an option for the initial purchasers to buy up to an additional $300 million. Xcel Energy said it intends to use the net proceeds to repay short-term borrowings, including commercial paper and part of its 364-day delayed draw term loan, and for general corporate purposes.

Key points

• Xcel Energy announced a proposed private offering of $2,000,000,000 aggregate principal amount of convertible senior notes due 2027, with an option for the initial purchasers to buy up to an additional $300,000,000.
• The notes would be senior unsecured obligations, convertible at holders' option upon satisfaction of certain conditions, with interest payable semiannually, and settled in cash up to principal with cash, common stock, or a combination at Xcel's election for any excess.
• Net proceeds are intended to repay short-term borrowings, including a portion of commercial paper and a portion of borrowings under its 364-day delayed draw term loan agreement, and for general corporate purposes.
• The offering is limited to persons reasonably believed to be qualified institutional buyers under Rule 144A, with final terms including conversion price and interest rate to be set at pricing.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.