On Jan 30, 2026 $XEL entered a $1.5B 364‑day delayed‑draw term loan (U.S.
Filed with the SEC on · Summarized by InvestorsBot
On Jan 30, 2026 $XEL entered a $1.5B 364‑day delayed‑draw term loan (U.S. Bank as agent) and borrowed $750M for general corporate operations. Facility is unsecured; matures Jan 30, 2027. 💵🗓️ #XEL #Utilities #Debt
Loans price at Term SOFR +85 bps (or alternate base rate). Facility covenant: consolidated funded‑debt / total capitalization ≤70%. Cross‑default for other debt >$75M; change‑of‑control, ERISA, bankruptcy, $75M+ uninsured judgments trigger default. ⚖️📈 $XEL #Debt #CorporateFinance
Borrowings subject to reps/conditions precedent and standard covenants (mergers, asset sales, liens). Lenders may also provide other banking/investment services and hold positions in $XEL securities. Short‑term unsecured paper implies refinancing risk before 1/30/27. 🔁⚠️ $XEL #Utilities #Debt