{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-240982","form_type":"8-K","ticker":"MGEE","cik":"0001161728","company_name":"MGE ENERGY INC","filed_at":"2025-10-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.909098+00:00","generated_at":"2026-05-17T03:30:34.624443+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"MGE subsidiary issues $50M in senior notes at 5.12% and 5.76% due 2036/2055","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-240982","json":"https://secwatch.observer/filing/0001193125-25-240982.json","markdown":"https://secwatch.observer/filing/0001193125-25-240982.md","text":"https://secwatch.observer/filing/0001193125-25-240982.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1161728/000119312525240982/0001193125-25-240982-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/61339/000119312525240982/mgee-20251014.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:30:34.624443+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"978bbd7e80f40dea23e69a8f73322daf7a7f360a","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1161728/000119312525240982/0001193125-25-240982-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$25 million in principal amount of its 5.12% Senior Notes, Series A, due November 15, 2036, and $25 million in principal"},{"label":"Counterparty","value":"the note purchasers named therein"},{"label":"Rate","value":"5.12% per annum"},{"label":"Maturity","value":"November 15, 2036"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}