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.

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