Business & Finance
Business and Finance
Business and Finance
Tue, September 13, 2011
Mon, September 12, 2011 
MINNEAPOLIS--([ BUSINESS WIRE ])--Xcel Energy Inc. (NYSE: XEL) (Xcel Energy) today announced that it closed an offering of $250.0 million in aggregate principal amount of its 4.80% senior unsecured notes due September 15, 2041 (the Notes). The Notes are redeemable at any time subject to certain amake wholea provisions prior to March 15, 2041. On and after this date, the Notes are callable at par.
Net proceeds from the sale of the Notes will be used to repay short-term debt borrowings and for other general corporate purposes.
Barclays Capital Inc., Morgan Stanley & Co. LLC and RBS Securities Inc., acted as joint book-running managers for the offering.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement. A prospectus supplement related to the offering has been filed with the Securities and Exchange Commission. Copies of the prospectus supplement and accompanying prospectus for the offering may be obtained on the Securities and Exchange Commissiona™s 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. LLC, toll free at 1-866-718-1649 (iii) RBS Securities Inc., toll free at 1-866-884-2071.
This announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect managementa™s current views with respect to future events, based on what Xcel Energy believes are reasonable assumptions. No assurance can be given, however, that these events will occur, including the closing of the above mentioned offering. Such forward-looking statements are intended to be identified in this document by the words aanticipate,a abelieve,a aestimate,a aexpect,a aintend,a amay,a aobjective,a aoutlook,a aplan,a aproject,a apossible,a apotential,a ashoulda and similar expressions. Actual results may vary materially. Factors that could cause actual results to differ materially include, but are not limited to: general economic conditions, including the availability of credit and its impact on capital expenditures and the ability of Xcel Energy and its subsidiaries to obtain financing on favorable terms; business conditions in the energy industry; including the risk of a slow down in the U.S. economy or delay in growth recovery; trade, fiscal, taxation and environmental policies in areas where Xcel Energy has a financial interest; customer business conditions; actions of credit rating agencies; competitive factors, including the extent and timing of the entry of additional competition in the markets served by Xcel Energy and its subsidiaries; unusual weather; effects of geopolitical events, including war and acts of terrorism; state, federal and foreign legislative and regulatory initiatives that affect cost and investment recovery, have an impact on rates or have an impact on asset operation or ownership or impose environmental compliance conditions; structures that affect the speed and degree to which competition enters the electric and natural gas markets; costs and other effects of legal and administrative proceedings, settlements, investigations and claims; financial or regulatory accounting policies imposed by regulatory bodies; availability of cost of capital; employee work force factors and the other risk factors listed from time to time by Xcel Energy in reports filed with the Securities and Exchange Commission (SEC), including Risk Factors in Item 1A and Exhibit 99.01 of Xcel Energya™s Annual Report on Form 10-K for the year ended December 31, 2010 and on Xcel Energya™s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2011 and June 30, 2011. Xcel Energy assumes no obligation to update any forward-looking information contained in this news release.
