MGE Energy subsidiary issues $90M in senior notes in three tranches due 2036-2056

MGE ENERGY INC

Issued $30M each of 5.05% Series A (2036), 5.25% Series B (2041), 5.79% Series C (2056).
Net proceeds to fund capital expenditures and other corporate obligations.
Notes are unsecured, redeemable at MGE's option with make-whole premium.
Covenant: consolidated debt to total capitalization not to exceed 65%.
Change-in-control trigger if MGE Energy loses investment-grade rating within 90 days of 30%+ voting stock acquisition.

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 $30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036; $30 million in principal amou with note purchasers named therein at 5.05% per annum for Series A, 5.25% per annum for Series B, and 5.79% per annum maturing January 31, 2036 for Series A, January 31, 2041 for Series B, and January 31, 2056 for Series C.

Instrument: senior notes
Principal: $30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036; $30 million in principal amou
Counterparty: note purchasers named therein
Rate: 5.05% per annum for Series A, 5.25% per annum for Series B, and 5.79% per annum
Maturity: January 31, 2036 for Series A, January 31, 2041 for Series B, and January 31, 2056 for Series C
Event: incurrence

Exact text from the filing

On January 22, 2026, MGE issued $90 million in aggregate principal amount of the Notes pursuant to the Note Purchase Agreement.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

MGE ENERGY INC entered into Note Purchase Agreement with the note purchasers named therein valued at $30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036 ... $30 mi (effective 2026-01-22).

Action: entry
Agreement: notes offering
Counterparty: the note purchasers named therein
Value: $30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036 ... $30 mi
Effective: 2026-01-22

Exact text from the filing

On January 22, 2026, Madison Gas and Electric Company ("MGE"), a wholly-owned subsidiary of MGE Energy, Inc., entered into a Note Purchase Agreement dated January 22, 2026 (the "Note Purchase Agreement"), with the note purchasers named therein, pursuant to which MGE issued $30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036 (the "Series A Notes"), $30 million in principal amount of its 5.25% Senior Notes, Series B, due January 31, 2041 (the "Series B Notes"), and $30 million in principal amount of its 5.79% Senior Notes, Series C, due January 31, 2056 (the "Series C Notes" and, together with the Series A Notes and the Series B Notes, the "Notes").

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MGE ENERGY INC filing history →

Source: SEC EDGAR

accession 0001193125-26-023547

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