By Devika Patel
Knoxville, Tenn., May 22 – Xcel Energy Inc. priced a $130 million add-on to its 4% senior notes (Baa1/BBB+/BBB+) due June 15, 2028 at 104.638 on Monday, according to an FWP filed with the Securities and Exchange Commission.
The company sold $500 million of the notes in a sale that priced on June 20, 2018 and settled on June 25, 2018. These notes were sold at 99.31 with a yield of 4.085% and a spread of Treasuries plus 115 basis points.
The new notes have a spread of Treasuries plus 97.9 bps and will yield 3.4%.
Morgan Stanley & Co. LLC and MUFG are the bookrunners.
The public utility holding company is based in Minneapolis.
| Issuer: | Xcel Energy Inc.
|
| Issue: | Senior notes
|
| Amount: | $130 million add-on
|
| Maturity: | June 15, 2028
|
| Bookrunners: | Morgan Stanley & Co. LLC and MUFG
|
| Coupon: | 4%
|
| Price: | 104.638
|
| Yield: | 3.4%
|
| Spread: | Treasuries plus 97.9 bps
|
| Call features: | Make-whole call at Treasuries plus 20 bps before Dec. 15, 2027; thereafter at par
|
| Pricing date: | May 21
|
| Settlement date: | May 28
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: BBB+
|
| Distribution: | SEC Registered
|
| Original issue: | $500 million priced at 99.31 to yield 4.085%, or 115 bps over Treasuries, on June 20, 2018
|
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