---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-216984"
form_type: "8-K"
ticker: null
cik: "0000092521"
company_name: "SOUTHWESTERN PUBLIC SERVICE CO"
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:41:37.979727+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SPS issues $100M of 6.00% First Mortgage Bonds due 2053

## Summary
- Net proceeds of ~$99.125M; funds will go to general corporate purposes and repaying short-term debt.
- Bonds are secured by a first mortgage lien on substantially all of SPS's real and fixed properties.
- Closing expected September 8, 2023; RBC Capital Markets acted as sole placement agent.
- Bonds offered under Section 4(a)(2) exemption from Securities Act registration.

## SEC filing metadata
- accession: 0001193125-23-216984
- form_type: 8-K
- cik: 0000092521
- company_name: SOUTHWESTERN PUBLIC SERVICE CO
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92521/000119312523216984/0001193125-23-216984-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92521/000119312523216984/d513892d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-216984
- JSON: https://secwatch.observer/filing/0001193125-23-216984.json
- Plain text: https://secwatch.observer/filing/0001193125-23-216984.txt

## Key facts
- Debt Financings
  SOUTHWESTERN PUBLIC SERVICE CO incurred mortgage of $100 million with U.S. Bank Trust Company, National Association at 6.00% maturing 2053.
  - Instrument: mortgage
  - Principal: $100 million
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 6.00%
  - Maturity: 2053
  - Event: incurrence
  source text: On August 21, 2023, Southwestern Public Service Company, a New Mexico corporation (“SPS”), entered into a Bond Purchase Agreement (the “Bond Purchase Agreement”) with certain institutional investors for the offer and sale of $100 million in aggregate principal amount of 6.00% First Mortgage Bonds, Series No. 10 due 2053 (the “Bonds”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/92521/000119312523216984/0001193125-23-216984-index.htm

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