secwatch.observer — SEC 8-K summary
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Issuer:     MGE ENERGY INC (MGEE)
CIK:        0001161728
Form:       8-K
Filed at:   2026-01-27T23:59:59+00:00
Accession:  0001193125-26-023547
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1161728/000119312526023547/0001193125-26-023547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61339/000119312526023547/mgee-20260122.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-023547

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