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XEL Xcel Energy Inc

55.46
0.22 (0.40%)
11 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Xcel Energy Inc NASDAQ:XEL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.22 0.40% 55.46 52.79 61.00 55.765 55.13 55.50 2,432,984 05:00:11

Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses

26/02/2024 9:35pm

Edgar (US Regulatory)


Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-255446

XCEL ENERGY INC.

(a Minnesota corporation)

$800,000,000 5.50% SENIOR NOTES, SERIES DUE MARCH 15, 2034

 

Issuer:    Xcel Energy Inc. (a Minnesota corporation)
Issue Format:    SEC Registered
Expected Ratings*:    Baa1/BBB+/BBB+ (Stable/Stable/Stable) (Moody’s/S&P/Fitch)
Security Type:    Senior Notes
Pricing Date:    February 26, 2024
Settlement Date:    February 29, 2024 (T+3)
Principal Amount:    $800,000,000
Maturity Date:    March 15, 2034
Interest Payment Dates:    Semi-annually on March 15 and September 15, beginning on September 15, 2024
Reference Benchmark Treasury:    4.000% due February 15, 2034
Benchmark Treasury Price:    97-20
Benchmark Treasury Yield:    4.295%
Spread to Benchmark Treasury:    +125 bps
Yield to Maturity:    5.545%
Coupon:    5.50%
Price to the Public:    99.653% of the principal amount
Net Proceeds to Issuer:    $792,024,000 (after deducting the underwriting discount but before transaction expenses)
Make-Whole Call:    Prior to September 15, 2033 (the par call date), T+20 bps (calculated to the par call date)
Par Call:    On or after September 15, 2033, at par
CUSIP/ISIN:    98389B BB5 / US98389BBB53
Minimum Denominations:    $2,000 and integral multiples of $1,000 in excess thereof
Joint Book-Running Managers:   

Citigroup Global Markets Inc.

PNC Capital Markets LLC

Wells Fargo Securities, LLC

BNP Paribas Securities Corp.

Co-Managers:   

Independence Point Securities LLC

Penserra Securities LLC

 

*

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146, PNC Capital Markets LLC toll-free at 1-855-881-0697 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.


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