MGE Energy subsidiary redeems final $1.2M mortgage bonds, discharges 1946 indenture

MGE ENERGY INC

MGE redeemed all $1.2M of its outstanding 7.70% First Mortgage Bonds due 2028, the last series under the Indenture.
The Indenture of Mortgage and Deed of Trust dated Jan 1, 1946, which secured MGE's utility plant assets, has been discharged.
MGE is recording the satisfaction to remove the lien and will not issue additional first mortgage bonds under the Indenture.
The discharge eliminates the security interest on MGE's utility plant assets, simplifying its capital structure.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

MGE ENERGY INC terminated Indenture of Mortgage and Deed of Trust dated January 1, 1946 with U.S. Bank Trust Company, National Association valued at All outstanding 7.70% First Mortgage Bonds due 2028 redeemed and indenture discharged; total $1.2 mi (effective 2026-01-27).

Action: termination
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: All outstanding 7.70% First Mortgage Bonds due 2028 redeemed and indenture discharged; total $1.2 mi
Effective: 2026-01-27

Exact text from the filing

On January 27, 2026, Madison Gas and Electric Company ("MGE"), satisfied and discharged its Indenture of Mortgage and Deed of Trust, dated as of January 1, 1946 (as amended and supplemented, the "Indenture"), between MGE and U.S. Bank Trust Company, National Association, as successor trustee (the "Trustee").

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Source: SEC EDGAR

accession 0001193125-26-028612

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