Xcel Energy Upsizes Convertible Senior Notes Offering to $2.2 Billion
Xcel Energy (XEL) has finalized the pricing of its convertible senior notes offering, increasing the total deal size from an initial $2 billion to $2.2 billion. The notes carry a 2.625% interest rate and are scheduled to mature in 2027. The upsized offering includes an option granted to initial purchasers to acquire additional notes. This capital raise provides Xcel Energy with significant liquidity to support its ongoing operational requirements and strategic initiatives through the end of the decade.
Tickers: $XEL
Topics: capital raising convertible notes debt issuance
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Part of the story Xcel Energy Announces Plan for $2 Billion Convertible Senior Notes Offering (3 articles)