Xcel Energy Issues $800M in 5.75% Junior Subordinated Notes due 2056
XCEL ENERGY INC
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Filing Summary
Xcel Energy Inc. (XEL) filed an 8-K reporting the issuance of $800 million in aggregate principal amount of 5.75% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056. The notes were issued on March 3, 2026, pursuant to an underwriting agreement with Barclays, Citigroup, Mizuho, MUFG, and Truist Securities.
Comprehensive Analysis
On March 3, 2026, Xcel Energy Inc. completed the issuance of $800 million in 5.75% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056. The notes bear interest at 5.75% until December 3, 2031, after which the rate resets every five years based on the Five-Year U.S. Treasury Rate plus a spread of 2.168%. The offering was conducted under a registration statement on Form S-3. This filing includes the Supplemental Indenture and legal opinions associated with the debt issuance.
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