---
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"
generated_at: "2026-05-17T03:30:34.624443+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-240982
- JSON: https://secwatch.observer/filing/0001193125-25-240982.json
- Plain text: https://secwatch.observer/filing/0001193125-25-240982.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1161728/000119312525240982/0001193125-25-240982-index.htm

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