---
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"
generated_at: "2026-05-16T05:48:57.785227+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Xcel Energy enters $1.5B 364-day term loan, draws $750M for general corporate purposes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-033694
- JSON: https://secwatch.observer/filing/0001193125-26-033694.json
- Plain text: https://secwatch.observer/filing/0001193125-26-033694.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/72903/000119312526033694/0001193125-26-033694-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.