{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-033694","form_type":"8-K","ticker":"XEL","cik":"0000072903","company_name":"XCEL ENERGY INC","filed_at":"2026-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.601247+00:00","generated_at":"2026-05-16T05:48:57.785227+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Xcel Energy enters $1.5B 364-day term loan, draws $750M for general corporate purposes","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-033694","json":"https://secwatch.observer/filing/0001193125-26-033694.json","markdown":"https://secwatch.observer/filing/0001193125-26-033694.md","text":"https://secwatch.observer/filing/0001193125-26-033694.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72903/000119312526033694/0001193125-26-033694-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72903/000119312526033694/d62748d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T05:48:57.785227+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":"233be7aeba0efc6dd09223d3a4c81acc1b610b95","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/72903/000119312526033694/0001193125-26-033694-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$750 million"},{"label":"Counterparty","value":"U.S. Bank National Association"},{"label":"Rate","value":"Term SOFR rate, plus a margin equal to 85.0 basis points"},{"label":"Maturity","value":"364-days, ending on January 30, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}