From Pulse 2.0 · Amit Chowdhry · · 40s
Xcel Energy Plans $2.3 Billion Convertible Notes
Xcel Energy will issue up to $2.3 billion in convertible senior notes due 2027 to refinance short-term debt.
In brief
Xcel Energy will issue up to $2.3 billion in convertible senior notes due 2027 to refinance short-term debt. Xcel Energy plans to issue up to $2.3 billion in convertible senior notes due 2027 to repay short-term borrowings. Originally reported by Pulse 2.0.
Xcel Energy Plans $2.3 Billion Convertible Notes
Xcel Energy plans to offer up to $2.3 billion in convertible senior notes due 2027 through a private placement.
Use of Proceeds
The company will use net proceeds primarily to repay short-term borrowings including commercial paper and a 364-day delayed draw term loan.
Conversion Terms
Holders can convert notes under specified conditions during certain periods with cash or shares as settlement options.
What to remember
Xcel Energy plans to issue up to $2.3 billion in convertible senior notes due 2027 to repay short-term borrowings.
