---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-121161"
form_type: "8-K"
ticker: "MGEE"
cik: "0001161728"
company_name: "MGE ENERGY INC"
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:09:45.145975+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# MGE subsidiary issues $50M in senior notes (5.30% and 5.59%) due 2039 and 2054

## Summary
- Madison Gas & Electric commits to $25M Series A at 5.30% due Dec 1, 2039, and $25M Series B at 5.59% due Dec 1, 2054.
- Closing expected Dec 4, 2024; net proceeds to fund capital expenditures and corporate obligations.
- Notes are unsecured; redeemable at par plus make-whole premium except near maturity.
- Covenants include max 65% consolidated debt-to-capital and Priority Debt cap of 20% of consolidated assets.
- Change-in-control put triggered if MGE loses investment-grade rating from two of S&P/Moody's after 30% voting stock acquisition.

## SEC filing metadata
- accession: 0000950170-24-121161
- form_type: 8-K
- ticker: MGEE
- cik: 0001161728
- company_name: MGE ENERGY INC
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1161728/000095017024121161/0000950170-24-121161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61339/000095017024121161/mgee-20241031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-121161
- JSON: https://secwatch.observer/filing/0000950170-24-121161.json
- Plain text: https://secwatch.observer/filing/0000950170-24-121161.txt

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