Xcel Energy Announces Cash Tender Offers for Certain Outstanding First Mortgage Bonds Issued by Northern States Power Company (a Minnesota corporation)

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[{"type":"text","content":"MINNEAPOLIS, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Xcel Energy Inc. (NASDAQ: XEL) (Xcel Energy) announced today the commencement of three separate offers (the Offers) to purchase for cash up to $345,000,000 aggregate principal amount of three series of first mortgage bonds (the Bonds) issued by Northern States Power Company, a Minnesota corporation (NSPM) and a wholly owned subsidiary of Xcel Energy. Subject to the Maximum Purchase Condition (as defined below), the series of Bonds that are purchased in the Offers will be based on the acceptance priority levels (each, an Acceptance Priority Level) set forth in the table below. If a given series of Bonds is accepted for purchase pursuant to the Offers, all Bonds of that series that are validly tendered will be accepted for purchase. No series of Bonds will be subject to proration pursuant to the Offers. The Offers are made upon the terms and subject to the conditions set forth in the Offer to Purchase dated December 15, 2025 relating to the Bonds (the Offer to Purchase) and the accompanying notice of guaranteed delivery (the Notice of Guaranteed Delivery and, together with the Offer to Purchase, the Tender Offer Documents). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. Acceptance Priority Level(1)Title of SecurityCUSIP NumberParCall Date (2)Maturity DateIssuerPrincipal Amount OutstandingReference Security(3)Bloomberg Reference PageFixed Spread(3)13.600% First Mortgage Bonds, Series due May 15, 2046665772 CP2November 15, 2045May 15, 2046Northern States Power Company, a Minnesota corporation$350,000,000(4)4.625%UST dueNovember 15,2045PX1+45 bps24.00% First Mortgage Bonds, Series due August 15, 2045665772 CN7February 15, 2045August 15, 2045Northern States Power Company, a Minnesota corporation$300,000,0004.625%UST dueNovember 15,2045PX1+45 bps34.125% First Mortgage Bonds, Series due May 15, 2044665772 CL1November 15, 2043May 15, 2044Northern States Power Company, a Minnesota corporation$300,000,0004.625%UST dueNovember 15,2045PX1+45 bps _______________(1)Subject to the satisfaction or waiver of the conditions of the Offers described in the Offer to Purchase, if the Maximum Purchase Condition (as defined below) is not satisfied with respect to every series of Bonds, we will accept Bonds for purchase in the order of th...

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