Xcel Energy(US:XEL) Globenewswire·2025-12-22 13:45Core Viewpoint - Xcel Energy Inc. has announced the results of its offers to purchase three series of first mortgage bonds issued by its subsidiary, Northern States Power Company, and has waived the Maximum Purchase Condition to accept all tendered bonds in full [1][4]. Offer Details - The offers were made under the terms set forth in the Offer to Purchase dated December 15, 2025, and expired on December 19, 2025, with a settlement date of December 24, 2025 [2][3]. - A total of $506,684,000 in principal amount of bonds were validly tendered and accepted for purchase, along with an additional $2,492,000 tendered under Guaranteed Delivery Procedures [4]. Bond Series Information - The offers included three series of bonds with the following details: - 3.600% First Mortgage Bonds due May 15, 2046: $350,000,000 outstanding, $178,960,000 tendered, and $2,445,000 under Guaranteed Delivery [5]. - 4.00% First Mortgage Bonds due August 15, 2045: $300,000,000 outstanding, $147,646,000 tendered, and $47,000 under Guaranteed Delivery [5]. - 4.125% First Mortgage Bonds due May 15, 2044: $300,000,000 outstanding, $180,078,000 tendered, with no amounts under Guaranteed Delivery [5]. Payment Structure - Holders of the accepted bonds will receive the Total Consideration in cash on the Settlement Date, along with accrued and unpaid interest from the last payment date to the Settlement Date [6][7]. - Interest will cease to accrue on the Settlement Date for all bonds accepted in the offers [7]. Conditions and Agents - The offers are subject to certain conditions, and Xcel Energy reserves the right to waive any conditions [8]. - U.S. Bancorp Investments, Inc. is the Dealer Manager, while D.F. King & Co., Inc. serves as the Tender and Information Agent for the offers [9]. Company Overview - Xcel Energy provides energy to millions across eight states and is recognized for its efforts in reducing carbon emissions and delivering clean energy solutions [11].