secwatch.observer — SEC 8-K summary
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Issuer:     MGE ENERGY INC (MGEE)
CIK:        0001161728
Form:       8-K
Filed at:   2026-10-05T19:23:15+00:00
Accession:  0001193125-26-414025
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

MGE Energy extends credit facilities to Oct 1, 2031; MGE JPM revolver raised to $210M from $90M
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- MGEE and Madison Gas and Electric amended and restated credit agreements originally dated Nov 8, 2022, extending maturity to Oct 1, 2031, with up to two one-year extensions possible to Oct 1, 2033.
- MGE's JPMorgan Chase-administered revolver capacity rose to $210M from $90M; MGEE's facility remains $50M with a $25M accordion, and MGE's U.S. Bank revolver is $40M.
- Financial covenant: consolidated indebtedness to consolidated total capitalization may not exceed 65%, excluding variable interest entity assets, liabilities, revenues and expenses.
- Change of control default defined as MGEE failing to hold 100% of MGE voting equity, or one or more persons acting in concert acquiring 30%+ of MGEE voting power.
- JPMorgan Chase is administrative agent for MGEE and MGE; Bank of America and U.S. Bank are syndication agents, with U.S. Bank agent and Associated Bank syndication agent on MGE's $40M facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1161728/000119312526414025/0001193125-26-414025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61339/000119312526414025/mgee-20261001.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-414025

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