{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-046611","form_type":"8-K","ticker":"MGEE","cik":"0001161728","company_name":"MGE ENERGY INC","filed_at":"2023-09-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.257892+00:00","generated_at":"2026-06-10T23:14:20.910951+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"MGE subsidiary issues $70M senior notes at 5.61%-5.91% to refinance maturing debt and fund capex","bullets":["$40M Series A 5.61% notes due 2034 and $30M Series B 5.91% notes due 2053 issued.","Proceeds to repay $30M of 3.09% senior notes maturing Sep 15, 2023 and fund capex.","Covenants include max 65% debt-to-capitalization and 20% limit on priority debt.","Series A closes Sep 13, 2023; Series B closes Dec 1, 2023; interest paid semi-annually.","Notes are unsecured, redeemable at make-whole premium, with change-in-control prepayment clause."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-046611","json":"https://secwatch.observer/filing/0000950170-23-046611.json","markdown":"https://secwatch.observer/filing/0000950170-23-046611.md","text":"https://secwatch.observer/filing/0000950170-23-046611.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1161728/000095017023046611/0000950170-23-046611-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/61339/000095017023046611/mgee-20230831.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T23:14:20.910951+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":"449f5fca228094e6a52786f5a09af74dec36eabe","claim":"MGE ENERGY INC incurred senior notes of $40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034 and $30 million in principal with the note purchasers named therein at 5.61% per annum maturing September 15, 2034.","evidence_excerpt":"MGE entered into the Note Purchase Agreement providing for the issuance of $40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034, at a closing scheduled for September 13, 2023, and $30 million in principal amount of its 5.91% senior notes, Series B, due December 1, 2053, at a closing scheduled for December 1, 2023.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1161728/000095017023046611/0000950170-23-046611-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034 and $30 million in principal"},{"label":"Counterparty","value":"the note purchasers named therein"},{"label":"Rate","value":"5.61% per annum"},{"label":"Maturity","value":"September 15, 2034"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d3e163897294059c8de9dc8452744142093605b1","claim":"MGE ENERGY INC incurred senior notes of $40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034 and $30 million in principal with the note purchasers named therein at 5.91% per annum maturing December 1, 2053.","evidence_excerpt":"MGE entered into the Note Purchase Agreement providing for the issuance of $40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034, at a closing scheduled for September 13, 2023, and $30 million in principal amount of its 5.91% senior notes, Series B, due December 1, 2053, at a closing scheduled for December 1, 2023.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1161728/000095017023046611/0000950170-23-046611-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034 and $30 million in principal"},{"label":"Counterparty","value":"the note purchasers named therein"},{"label":"Rate","value":"5.91% per annum"},{"label":"Maturity","value":"December 1, 2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"cc4bd4b3ca4a23f2c0d5cdc64e2e98c8ff7b21c7","claim":"MGE ENERGY INC entered into Note Purchase Agreement with note purchasers named therein valued at $40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034 and $30 (effective 2023-08-31).","evidence_excerpt":"Madison Gas and Electric Company (MGE), a wholly-owned subsidiary of MGE Energy, Inc., entered into a Note Purchase Agreement dated August 31, 2023 (the Note Purchase Agreement), with the note purchasers named therein, in which it committed to issue $40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034 and $30 million in principal amount of its 5.91% senior notes, Series B, due December 1, 2053","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1161728/000095017023046611/0000950170-23-046611-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"note purchasers named therein"},{"label":"Value","value":"$40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034 and $30"},{"label":"Effective","value":"2023-08-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}