# 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.
- Title: Xcel Energy Plans $2.3 Billion Convertible Notes · Pulse 2.0
- Summary: 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…
- Keywords: xcel energy, convertible senior notes, 2027, refinance, short term debt, private placement, startups, business, Xcel, Energy, Plans, Billion
- Source: Pulse 2.0 — https://pulse2.com/xcel-energy-plans-up-to-2-3-billion-convertible-senior-notes-offering-due-2027
- Author: Amit Chowdhry
- Published: 2026-11-02T21:41:44+00:00
- Read time: 1 min
- Topics: xcel energy, convertible senior notes, 2027, refinance, short term debt, private placement, startups, business
## 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.
## Key takeaway

Xcel Energy plans to issue up to $2.3 billion in convertible senior notes due 2027 to repay short-term borrowings.