8-K
filed May 7, 2025, 7:59 PM ET
CIK 0001123852
debt
confidence high
sentiment neutral
materiality 0.55
NORTHERN STATES POWER CO: debt financing — Xcel Energy and subsidiaries amend credit agreements for $4.75B total, maturity Dec 2029
NORTHERN STATES POWER CO
- Xcel Energy: $2B facility; NSP-Minnesota $800M; PSCo $1.2B; SPS $600M; NSP-Wisconsin $150M.
- Facilities unsecured, mature December 2029, replacing Sep 2027 lines; two 1-year extensions possible.
- Interest rate margins based on credit ratings; Term SOFR plus 75-200 bps; ABR plus 0-100 bps.
- Financial covenant: funded debt to total capital ≤65% for Xcel, ≤70% for subsidiaries.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NORTHERN STATES POWER CO amended credit facility of $150 million with JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., Wells Fargo Bank, National Association at Term SOFR rate plus a margin that ranges from 75.0 basis points to 200.0 basis p maturing December of 2029.
- Instrument
- credit facility
- Principal
- $150 million
- Counterparty
- JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., Wells Fargo Bank, National Association
- Rate
- Term SOFR rate plus a margin that ranges from 75.0 basis points to 200.0 basis p
- Maturity
- December of 2029
- Event
- amendment
Exact text from the filing
maximum amount $600 million, and under certain conditions may be increased by up to an additional $60 million; and • NSP-Wisconsin’s New Facility is in the maximum amount of $150 million. Each of the New Facilities is unsecured, matures in December of 2029, and except for NSP-Wisconsin’s credit facility, contains maturity extension provisions for two additional
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NORTHERN STATES POWER CO amended credit facility of $2 billion with JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., Wells Fargo Bank, National Association at Term SOFR rate plus a margin that ranges from 75.0 basis points to 200.0 basis p maturing December of 2029.
- Instrument
- credit facility
- Principal
- $2 billion
- Counterparty
- JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., Wells Fargo Bank, National Association
- Rate
- Term SOFR rate plus a margin that ranges from 75.0 basis points to 200.0 basis p
- Maturity
- December of 2029
- Event
- amendment
Exact text from the filing
facility which was scheduled to expire in September of 2027. The amount of each New Facility is set forth below: • Xcel Energy’s New Facility is in the initial maximum amount of $2 billion, and under certain conditions may be increased by up to an additional $450 million and includes a swingline subfacility of up to $75 million. JPMorgan Chase Bank, N.A. serves as
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NORTHERN STATES POWER CO amended credit facility of $1.2 billion with JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., Wells Fargo Bank, National Association at Term SOFR rate plus a margin that ranges from 75.0 basis points to 200.0 basis p maturing December of 2029.
- Instrument
- credit facility
- Principal
- $1.2 billion
- Counterparty
- JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., Wells Fargo Bank, National Association
- Rate
- Term SOFR rate plus a margin that ranges from 75.0 basis points to 200.0 basis p
- Maturity
- December of 2029
- Event
- amendment
Exact text from the filing
is in the initial maximum amount of $800 million, and under certain conditions may be increased by up to $170 million; • PSCo’s New Facility is in the initial maximum amount of $1.2 billion, and under certain conditions may be increased by up to $170 million; • SPS’ New Facility is in the initial maximum amount $600 million, and under certain conditions may be
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NORTHERN STATES POWER CO amended credit facility of $800 million with JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., Wells Fargo Bank, National Association at Term SOFR rate plus a margin that ranges from 75.0 basis points to 200.0 basis p maturing December of 2029.
- Instrument
- credit facility
- Principal
- $800 million
- Counterparty
- JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., Wells Fargo Bank, National Association
- Rate
- Term SOFR rate plus a margin that ranges from 75.0 basis points to 200.0 basis p
- Maturity
- December of 2029
- Event
- amendment
Exact text from the filing
a swingline subfacility of up to $75 million. JPMorgan Chase Bank, N.A. serves as the Swingline Lender; • NSP-Minnesota’s New Facility is in the initial maximum amount of $800 million, and under certain conditions may be increased by up to $170 million; • PSCo’s New Facility is in the initial maximum amount of $1.2 billion, and under certain conditions may be
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NORTHERN STATES POWER CO amended credit facility of $600 million with JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., Wells Fargo Bank, National Association at Term SOFR rate plus a margin that ranges from 75.0 basis points to 200.0 basis p maturing December of 2029.
- Instrument
- credit facility
- Principal
- $600 million
- Counterparty
- JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., Wells Fargo Bank, National Association
- Rate
- Term SOFR rate plus a margin that ranges from 75.0 basis points to 200.0 basis p
- Maturity
- December of 2029
- Event
- amendment
Exact text from the filing
is in the initial maximum amount of $1.2 billion, and under certain conditions may be increased by up to $170 million; • SPS’ New Facility is in the initial maximum amount $600 million, and under certain conditions may be increased by up to an additional $60 million; and • NSP-Wisconsin’s New Facility is in the maximum amount of $150 million. Each of the New
View on SEC.gov
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