Financing ·
Xcel Energy prices $2.5B of convertible senior notes due 2027 at 2.625% interest
XELXcel Energy Inc
On November 5, 2026, Xcel Energy Inc. issued $2.5 billion aggregate principal amount of its 2.625% Convertible Senior Notes due December 15, 2027. The offering included the full exercise by initial purchasers of their option to purchase an additional $300 million in notes. The senior unsecured obligations bear interest payable semiannually and are convertible into common stock at an initial rate of approximately 11.46 shares per $1,000 principal amount, based on a conversion price of roughly $87.26 per share. Xcel Energy operates as a regulated electric utility company providing power to customers across the United States.