MGE subsidiary remarkets $19.3M bonds at 3.75%, up from 2.05%

MGE ENERGY INC

$19.3M City of Madison Series 2020A bonds remarketed at 3.75% interest rate, up from 2.05%.
Bonds mature October 1, 2027; closing scheduled for March 16, 2023 subject to customary conditions.
MGE remains obligated for principal, premium, and interest under Loan Agreement with City of Madison.
Remarketing agent was U.S. Bank; bonds no longer subject to further remarketing or optional redemption before maturity.

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