Press release
Xcel Energy Announces Pricing Terms of Cash Tender Offers for Certain Outstanding First Mortgage Bonds Issued by Northern States Power Company (a Minnesota corporation)
MINNEAPOLIS, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Xcel Energy Inc. (NASDAQ: XEL) (Xcel Energy) announced today the pricing terms of its previously announced
About this update from Xcel Energy Inc.
[{"type":"text","content":"MINNEAPOLIS, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Xcel Energy Inc. (NASDAQ: XEL) (Xcel Energy) announced today the pricing terms of its previously announced three separate offers (each an Offer and, together, 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 and a wholly owned subsidiary of Xcel Energy. 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. Set forth in the table below is the applicable Total Consideration (as defined below) for each series of Bonds, as calculated as of 10:00 a.m. (New York City time) today, December 19, 2025, in accordance with the Offer to Purchase. Acceptance Priority Level(1)Title of SecurityCUSIP NumberPar Call Date (2)Maturity DatePrincipal Amount OutstandingReference Security(3) Bloomberg Reference PageReference YieldFixed Spread(3)Offer YieldTotal Consideration(2) (3)13.600% First Mortgage Bonds, Series due May 15, 2046665772 CP2November 15, 2045May 15, 2046$350,000,000(4)4.625%UST dueNovember 15,2045PX14.788%+45 bps5.238%$796.2024.00% First Mortgage Bonds, Series due August 15, 2045665772 CN7February 15, 2045August 15, 2045$300,000,0004.625%UST dueNovember 15,2045PX14.788%+45 bps5.238%$849.2034.125% First Mortgage Bonds, Series due May 15, 2044665772 CL1November 15, 2043May 15, 2044$300,000,0004.625%UST dueNovember 15,2045PX14.788%+45 bps5.238%$869.57 ________________ (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 in the Offer to Purchase) is not satisfied with respect to every series of Bonds, we will accept Bonds for purchase in the order of their respective Acceptance Priority Level specified in the table above (each, an Acceptance Priority Level, with 1 being the highest Acceptance Priority Level and 3 being the lowest Acceptance Priority Level). It is ...