Press release
Xcel Energy Announces Cash Tender Offers for up to $110,000,000 of Outstanding First Mortgage Bonds Issued By Northern States Power Company (a Minnesota corporation)
MINNEAPOLIS, Dec. 2, 2024 /PRNewswire/ -- Xcel Energy Inc. (NASDAQ: XEL) (Xcel Energy) announced today the commencement of offers to purchase for cash (the
About this update from Xcel Energy Inc.
[{"type":"text","content":"MINNEAPOLIS, Dec. 2, 2024 /PRNewswire/ -- Xcel Energy Inc. (NASDAQ: XEL) (Xcel Energy) announced today the commencement of offers to purchase for cash (the Tender Offers) up to $110,000,000 aggregate principal amount (the Aggregate Tender Cap) of the outstanding first mortgage bonds issued by Northern States Power Company, a Minnesota corporation (NSPM), a wholly owned subsidiary of Xcel Energy, listed in the table below (the Bonds).\n\nThe table below summarizes certain information regarding the Bonds and the Tender Offers, including the acceptance priority levels (the Acceptance Priority Levels), subject to the Aggregate Tender Cap for the Bonds.\nTitle of Security\nCUSIP Number\nExpected Applicable Par\nCall Date /\nMaturity Date(1)\nIssuer\nPrincipal Amount Outstanding\nAcceptance Priority Level(2)\nU.S.Treasury ReferenceSecurity\nBloomberg Reference Page\nFixed Spread\nEarly Tender Payment(3)(4)\n2.60% First Mortgage Bonds, Series due June 1, 2051\n665772 CS6\nJune 1, 2051\nNorthernStates Power Company \n(a Minnesota corporation)\n$700,000,000\n1\n4.250% U.S.T. due August 15, 2054\nPX1\n+55\n$30\n2.90% FirstMortgage Bonds, Series due March 1, 2050\n665772 CR8\nMarch 1, 2050\nNorthern States Power Company \n(a Minnesota corporation)\n$600,000,000\n2\n4.250% U.S.T. due August 15, 2054\nPX1\n+55\n$30\n3.20% First Mortgage Bonds, Series dueApril 1, 2052\n665772 CU1\nApril 1, 2052\nNorthernStates Power Company \n(a Minnesota corporation)\n$425,000,000\n3\n4.250% U.S.T. due August 15, 2054\nPX1\n+55\n$30\n3.60% First Mortgage Bonds, Series due September 15, 2047\n665772 CQ0\nSeptember 15,\n2047\nNorthern States PowerCompany \n(a Minnesota corporation)\n$600,000,000\n4\n4.625% U.S.T. due November 15,2044\nPX1\n+65\n$30\n3.600% First Mortgage Bonds, Series due May 15, 2046\n665772 CP2\nMay 15, 2046\nNorthern States PowerCompany \n(a Minnesotacorporation)\n$350,000,000\n5\n4.625% U.S.T. due November 15, 2044\nPX1\n+65\n$30\n______________________\n(1)\nThe application of the par call date, if any, will be in accordance with market practice. Specifically, if the interest rate on a particular series of Bonds is less than the applicable Offer Yield (as defined on Schedule A to the Offer to Purchase (as defined below)), then the calculation will assume that the payments of such Bonds are through the maturity date of the Bonds, and if th...