Xcel Energy Issues $2.5 Billion in 2.625% Convertible Senior Notes Due 2027
Bitget2026/11/05 22:57- Xcel Energy issued $2.5 billion of Convertible Senior Notes on November 5, 2026, including a fully exercised $300 million purchaser option.
- Initial purchaser representatives included J.P. Morgan Securities and BofA Securities.
- The senior unsecured notes carry 2.63% annual interest, payable semiannually, and mature December 15, 2027.
- The initial conversion price is approximately $87.26 per share; conversions require cash settlement up to principal.
- Early redemption is prohibited; holders can demand cash repurchase at 100% of principal with accrued interest upon qualifying fundamental changes.
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