secwatch.observer — SEC 8-K summary
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Issuer:     XCEL ENERGY INC (XEL)
CIK:        0000072903
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001193125-26-033694
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72903/000119312526033694/0001193125-26-033694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72903/000119312526033694/d62748d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-033694

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