MGE subsidiary issues $50M in senior notes at 5.12% and 5.76% due 2036/2055

MGE ENERGY INC

MGE commits to $25M 5.12% Series A Notes due 2036 and $25M 5.76% Series B Notes due 2055.
Closing scheduled for Nov 13, 2025; net proceeds to fund capital expenditures and corporate obligations.
Notes are unsecured, redeemable at par plus make-whole premium; change-of-control prepayment offer included.
Covenant limits consolidated debt to 65% of total capitalization and Priority Debt to 20% of consolidated assets.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

MGE ENERGY INC incurred senior notes of $25 million in principal amount of its 5.12% Senior Notes, Series A, due November 15, 2036, and $25 million in principal with the note purchasers named therein at 5.12% per annum maturing November 15, 2036.

Instrument: senior notes
Principal: $25 million in principal amount of its 5.12% Senior Notes, Series A, due November 15, 2036, and $25 million in principal
Counterparty: the note purchasers named therein
Rate: 5.12% per annum
Maturity: November 15, 2036
Event: incurrence

Exact text from the filing

On October 14, 2025, MGE entered into the Note Purchase Agreement providing for the issuance of $25 million in principal amount of its 5.12% Senior Notes, Series A, due November 15, 2036, and $25 million in principal amount of its 5.76% Senior Notes, Series B, due November 15, 2055, at a closing scheduled for November 13, 2025.

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Source: SEC EDGAR

accession 0001193125-25-240982

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