{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-023547","form_type":"8-K","ticker":"MGEE","cik":"0001161728","company_name":"MGE ENERGY INC","filed_at":"2026-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.628068+00:00","generated_at":"2026-05-16T07:26:25.537973+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"MGE Energy subsidiary issues $90M in senior notes in three tranches due 2036-2056","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-023547","json":"https://secwatch.observer/filing/0001193125-26-023547.json","markdown":"https://secwatch.observer/filing/0001193125-26-023547.md","text":"https://secwatch.observer/filing/0001193125-26-023547.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1161728/000119312526023547/0001193125-26-023547-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/61339/000119312526023547/mgee-20260122.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T07:26:25.537973+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":"cf72b38ee5065b9a210bf2221c5a4e3ea2bfef4b","claim":"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.","evidence_excerpt":"On January 22, 2026, MGE issued $90 million in aggregate principal amount of the Notes pursuant to the Note Purchase Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1161728/000119312526023547/0001193125-26-023547-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036; $30 million in principal amou"},{"label":"Counterparty","value":"note purchasers named therein"},{"label":"Rate","value":"5.05% per annum for Series A, 5.25% per annum for Series B, and 5.79% per annum"},{"label":"Maturity","value":"January 31, 2036 for Series A, January 31, 2041 for Series B, and January 31, 2056 for Series C"},{"label":"Event","value":"incurrence"}]},{"claim_id":"8b2c3b42942a22b38b0b00c6e7d7a4be6636791a","claim":"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).","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1161728/000119312526023547/0001193125-26-023547-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"the note purchasers named therein"},{"label":"Value","value":"$30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036 ... $30 mi"},{"label":"Effective","value":"2026-01-22"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}