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Xcel Energy Issues $550 Million of Unsecured Debt

^{Published on 2010-05-13 08:40:15 - Market Wire}
 

MINNEAPOLIS--([ BUSINESS WIRE ])--Xcel Energy (NYSE: XEL) today announced it has sold $550 million of its 10-year senior unsecured notes with an interest rate of 4.7 percent. The notes are redeemable subject to certain amake wholea provisions prior to November 15, 2019 and at par anytime thereafter.

Proceeds will be added to our general funds and those proceeds will be used to repay a portion of our outstanding commercial paper and fund equity investments in one or more of our utility subsidiaries.

Barclays Capital Inc., Morgan Stanley & Co. Incorporated and UBS Securities LLC acted as joint book runners for the offering. Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc. were co-managers for the offering.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the notes nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of the notes may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus for the offering may be obtained on the SEC website at [ www.sec.gov ]. Alternatively, any underwriter or dealer participating in the offering will send you the prospectus if you request it by calling (i) Barclays Capital Inc., toll free 1-888-603-5847, (ii) Morgan Stanley & Co. Incorporated, toll free at 1-866-718-1649, or (iii) UBS Securities LLC, toll free at 1-877-827-6444 (ext. 561-3844). Additionally, a written prospectus may be obtained by writing to Xcel Energy Inc., Corporate Finance, 414 Nicollet Mall, 4^th Floor, Minneapolis, MN 55401.

Xcel Energy is a public utility holding company with four utility subsidiaries which serve 3.4 million electric and 1.9 million natural gas customers in eight Western and Midwestern states. Company headquarters are located in Minneapolis, MN.