secwatch.observer — SEC 8-K summary
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Issuer:     MGE ENERGY INC (MGEE)
CIK:        0001161728
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0000950170-23-001543
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1161728/000095017023001543/0000950170-23-001543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61339/000095017023001543/mgee-20230130.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001543

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