XCEL ENERGY INC (XEL): debt financing — Xcel Energy enters $1.5B 364-day term loan, draws $750M for general corporate purposes

XCEL ENERGY INC

Unsecured 364-day delayed draw term loan facility, maturity Jan 30, 2027.
Initial $750M drawn on Jan 30, 2026; rate Term SOFR + 85 bps or alternate base rate.
Financial covenant: funded debt to total capitalization ≤ 70%.
Cross-default trigger for indebtedness >$75M; standard negative covenants apply.
Proceeds used for general corporate operations; U.S. Bank administrative agent.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

XCEL ENERGY INC incurred term loan of $750 million with U.S. Bank National Association at Term SOFR rate, plus a margin equal to 85.0 basis points maturing 364-days, ending on January 30, 2027.

Instrument: term loan
Principal: $750 million
Counterparty: U.S. Bank National Association
Rate: Term SOFR rate, plus a margin equal to 85.0 basis points
Maturity: 364-days, ending on January 30, 2027
Event: incurrence

Exact text from the filing

On January 30, 2026, Xcel Energy Inc. (Xcel Energy) entered into a $1.5 billion 364-Day Delayed Draw Term Loan Agreement (the Term Loan Facility) with U.S. Bank National Association, as administrative agent, and the several lenders party thereto, and Xcel Energy borrowed $750 million under the Term Loan Facility to finance general corporate operations.

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Source: SEC EDGAR

accession 0001193125-26-033694

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