Xcel Energy (XEL) said Monday it has launched cash tender offers to buy up to $110 million of outstanding first mortgage bonds issued by its subsidiary Northern States Power.
The cash tender offers include $700 million of 2.60% first mortgage bonds, series due June 1, 2051; $600 million of 2.90% first mortgage bonds, series due March 1, 2050; $425 million of 3.20% first mortgage bonds, series due April 1, 2052; $600 million of 3.60% first mortgage bonds, series due Sept. 15, 2047; and $350 million of 3.600% first mortgage bonds, series due May 15, 2046, the company said.
Bondholders who submit their bonds by Dec. 13, will receive the total consideration, which includes a $30 early tender payment for every $1,000 in principal, the company said.
The offers will expire on Dec. 31, unless extended or terminated, and settlement is expected on Dec. 18 for early tenders and Jan. 6, 2025, for regular tenders, the company added.
Shares of Xcel Energy were down 1.6% in recent Monday trading.
Price: 71.42, Change: -1.14, Percent Change: -1.57
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