{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-023583","form_type":"8-K","ticker":"MGEE","cik":"0001161728","company_name":"MGE ENERGY INC","filed_at":"2022-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.774312+00:00","generated_at":"2026-06-22T00:41:28.117247+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"MGE Energy and subsidiary amend credit facilities; extend maturities to 2027, switch from LIBOR to SOFR","bullets":["MGEE entered $50M revolver; MGE entered $60M (JPM) and $40M (USB) revolvers, all maturing Nov 8, 2027.","Each facility allows up to two one-year extensions and up to 50% commitment increase (MGEE +$25M, MGE +$30M/$20M).","Interest rates: Alternate Base Rate plus 0-0.125% or Adjusted Term SOFR plus 0.625%-1.125%, based on credit ratings.","Covenants include max consolidated debt-to-capitalization ratio of 65% and change-of-control default triggers.","Agreements replace prior LIBOR-based 2019 facilities; other terms substantially unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-023583","json":"https://secwatch.observer/filing/0000950170-22-023583.json","markdown":"https://secwatch.observer/filing/0000950170-22-023583.md","text":"https://secwatch.observer/filing/0000950170-22-023583.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1161728/000095017022023583/0000950170-22-023583-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/61339/000095017022023583/mgee-20221108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T00:41:28.117247+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"18c80c736a5942a6c08a6cf968714cd371405676","claim":"MGE ENERGY INC amended revolving credit of $60 million with JPMorgan Chase Bank, N.A. maturing November 8, 2027.","evidence_excerpt":"agent. Under that credit agreement, MGE may borrow funds on a revolving credit basis, and may request letters of credit, all in a maximum amount outstanding not to exceed $60 million. The MGE JPM Credit Agreement has an initial term expiring on November 8, 2027. MGE may request up to two one-year extensions of that term, which, if granted by the lenders in","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1161728/000095017022023583/0000950170-22-023583-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$60 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Maturity","value":"November 8, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"d4ef0d45337bc7312506c6ceaf0398d9617686b4","claim":"MGE ENERGY INC amended revolving credit of $50 million with JPMorgan Chase Bank, N.A. maturing November 8, 2027.","evidence_excerpt":"agent. Under the MGEE Credit Agreement, MGEE may borrow funds on a revolving credit basis, and may request letters of credit, all in a maximum amount outstanding not to exceed $50 million. The MGEE Credit Agreement has an initial term expiring on November 8, 2027. MGEE may request up to two one-year extensions of that term, which, if granted by the lenders in","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1161728/000095017022023583/0000950170-22-023583-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$50 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Maturity","value":"November 8, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"b19da359bbaff869679949c8ce6a58e07f7dcee4","claim":"MGE ENERGY INC amended Credit Agreements (effective 2022-11-08).","evidence_excerpt":"On November 8, 2022, MGE Energy, Inc. (MGEE) and Madison Gas and Electric Company (MGE) amended and restated their existing credit agreements entered on February 7, 2019, principally to extend their maturity dates to November 8, 2027 and to change the interest rate determination from a LIBOR basis","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1161728/000095017022023583/0000950170-22-023583-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Effective","value":"2022-11-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}