Nov 5, 4:24 PM ET
Xcel Energy issued $2.5 billion of 2.625% convertible senior notes due December 15, 2027, including $300 million from the initial purchasers' option. The notes are convertible into Xcel common stock at an initial conversion price of about $87.26 per share, and conversions can be settled in cash, shares, or a mix. Because the notes are convertible, they could add up to 31,513,750 shares of common stock to the share count if holders convert at the maximum rate.
- Issued $2,500,000,000 of 2.625% Convertible Senior Notes due December 15, 2027, dated November 5, 2026
- Initial conversion rate of 11.4596 shares per $1,000 principal, or about $87.26 per share
- Up to 31,513,750 shares may be issued on conversion at the initial maximum conversion rate of 12.6055 shares per $1,000
- Notes cannot be redeemed by Xcel Energy before maturity and carry no sinking fund
Read the filing on SEC.gov ↗
Nov 3, 8:10 AM ET
Xcel Energy priced an upsized private offering of $2.2 billion in 2.625% convertible senior notes due December 15, 2027, with an option for up to $300 million more. The company expects net proceeds of about $2.18 billion, to be used mainly to repay short-term borrowings, and expects the sale to close on November 5, 2026. Conversion would be at an initial price of about $87.26 per share, and the company may settle the principal in cash, but share issuance is possible for amounts above principal.
- Pricing of $2,200,000,000 of 2.625% convertible senior notes due December 15, 2027, upsized from $2,000,000,000
- Initial purchasers have a 13-day option for up to an additional $300,000,000 of notes
- Expected net proceeds of about $2,178,500,000, or $2,476,250,000 if the option is fully exercised
- Initial conversion price of about $87.26 per share, a 10.0% premium to the last reported sale price on November 2, 2026
Read the filing on SEC.gov ↗
Nov 2, 7:17 AM ET
Xcel Energy has announced a proposed private offering of $2 billion in convertible senior notes due 2027, along with an option for initial purchasers to buy an additional $300 million. The company intends to use the net proceeds to repay short-term borrowings, including commercial paper and term loan borrowings, and for general corporate purposes.
- Xcel Energy announced a proposed offering of $2.0 billion in convertible senior notes due 2027 on November 2, 2026.
- Initial purchasers may be granted an option to buy up to an additional $300 million aggregate principal amount of the notes within a 13-day period.
- Proceeds will be used to repay short-term borrowings, including commercial paper and a portion of a 364-day delayed draw term loan.
Read the filing on SEC.gov ↗
Oct 30, 4:34 PM ET
Xcel Energy entered into a new equity distribution agreement on October 30, 2026, allowing it to sell up to $6.0 billion of common stock through sales agents, including forward sale arrangements. The filing also terminated its prior at-the-market program dated May 1, 2026, while forward sale agreements from earlier programs remain outstanding, so shareholders should note the potential for additional shares to be issued.
- Up to $6.0 billion aggregate gross sales price of common stock (par value $2.50 per share) under the new Equity Distribution Agreement dated October 30, 2026
- Prior at-the-market program dated May 1, 2026 was terminated; about $448.6 million of shares remained unsold at termination
- About $3.8 billion of shares remain subject to outstanding forward sale agreements from the prior program, and about $2.2 billion from an August 1, 2025 agreement
- Xcel Energy will not initially receive proceeds from borrowed shares sold under forward agreements; proceeds are expected on future physical settlement
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
