Xcel Energy Announces Proposed Offering of Convertible Senior Notes due 2027
Key Highlights
- ➤Xcel Energy proposes $2.0 billion convertible senior notes due 2027
- ➤Initial purchasers may buy an additional $300 million of notes
- ➤Proceeds would repay short-term borrowings and fund general corporate purposes
- ➤Final conversion price, interest rate and other terms remain undetermined
Xcel Energy Announces Proposed Offering of Convertible Senior Notes due 2027
Xcel Energy Inc. (NASDAQ: XEL) (“Xcel Energy”) today announced that it intends to offer, subject to market and other conditions, $2,000,000,000 aggregate principal amount of convertible senior notes due 2027 (the “convertible notes”) in a private placement under the Securities Act of 1933, as amended (the “Securities Act”). Xcel Energy also intends to grant the initial purchasers of the convertible notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the convertible notes are first issued, up to an additional $300,000,000 aggregate principal amount of the convertible notes.
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