---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001543"
form_type: "8-K"
ticker: "MGEE"
cik: "0001161728"
company_name: "MGE ENERGY INC"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:29:12.947000+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# MGE increases credit facility by $30M to $90M on Jan 30, 2023

## Summary
- Madison Gas and Electric amended its credit agreement to raise aggregate commitments from $60M to $90M.
- Total availability under MGE's existing credit agreements now stands at $130M.
- JPMorgan Chase ($40.5M), Bank of America ($24.75M), and U.S. Bank ($24.75M) are the lenders.
- No other changes were made to the existing credit agreement terms.
- The increase reflects exercise of an option in the original November 2022 agreement.

## SEC filing metadata
- accession: 0000950170-23-001543
- form_type: 8-K
- ticker: MGEE
- cik: 0001161728
- company_name: MGE ENERGY INC
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1161728/000095017023001543/0000950170-23-001543-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61339/000095017023001543/mgee-20230130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001543
- JSON: https://secwatch.observer/filing/0000950170-23-001543.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001543.txt

## Key facts
- Debt Financings
  MGE ENERGY INC amended credit facility of $90 million with JPMorgan Chase Bank, N.A..
  - Instrument: credit facility
  - Principal: $90 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Event: amendment
  source text: On January 30, 2023, MGE entered into a First Amendment to Second Amended and Restated Credit Agreement with the lenders named therein and the Administrative Agent, which increased the aggregate commitments under the Existing JPM Credit Agreement by $30 million to $90 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161728/000095017023001543/0000950170-23-001543-index.htm
- Material Agreements
  MGE ENERGY INC amended Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. (as Administrative Agent) and the lenders named therein valued at $90 million (effective 2023-01-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. (as Administrative Agent) and the lenders named therein
  - Value: $90 million
  - Effective: 2023-01-30
  source text: On January 30, 2023, Madison Gas and Electric Company (MGE) amended its existing Second Amended and Restated Credit Agreement dated as of November 8, 2022 (Existing JPM Credit Agreement), with the lenders named therein and JPMorgan Chase Bank, N.A., as Administrative Agent (Administrative Agent), to increase the aggregate commitment thereunder from $60 million to $90 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161728/000095017023001543/0000950170-23-001543-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.