Xcel Energy to redeem 2.6% senior notes due March 15, 2022

By Cady Vishniac

Detroit, Oct. 30 – Xcel Energy Inc. plans to redeem all of its outstanding 2.6% senior notes due March 15, 2022 on Dec. 1, according to a company press release.

The redemption price will be the greater of the outstanding amount and a make-whole premium, which will be calculated three business days prior to the Dec. 1 redemption date, plus interest to the redemption date.

There are currently $300 million of the notes outstanding.

The public utility holding company is based in Minneapolis.

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