secwatch.observer — SEC 8-K summary
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Issuer:     MGE ENERGY INC (MGEE)
CIK:        0001161728
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0000950170-23-046611
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGE subsidiary issues $70M senior notes at 5.61%-5.91% to refinance maturing debt and fund capex
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1161728/000095017023046611/0000950170-23-046611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61339/000095017023046611/mgee-20230831.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-046611

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer