---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-114909"
form_type: "8-K"
ticker: null
cik: "0001123852"
company_name: "NORTHERN STATES POWER CO"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T07:01:48.843405+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Xcel Energy and subsidiaries amend credit agreements for $4.75B total, maturity Dec 2029

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-114909
- form_type: 8-K
- cik: 0001123852
- company_name: NORTHERN STATES POWER CO
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1123852/000119312525114909/0001193125-25-114909-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72903/000119312525114909/d944311d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-114909
- JSON: https://secwatch.observer/filing/0001193125-25-114909.json
- Plain text: https://secwatch.observer/filing/0001193125-25-114909.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1123852/000119312525114909/0001193125-25-114909-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1123852/000119312525114909/0001193125-25-114909-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1123852/000119312525114909/0001193125-25-114909-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1123852/000119312525114909/0001193125-25-114909-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1123852/000119312525114909/0001193125-25-114909-index.htm

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