MINNEAPOLIS--(BUSINESS WIRE)--
Xcel Energy Inc. (NYSE: XEL) subsidiary Public Service Company of
Colorado (PSCo) today announced that it closed an offering of $300
million of 2.25% first mortgage bonds due September 15, 2022 (the 2022
Bonds) and $500 million of 3.60% first mortgage bonds due September 15,
2042 (the 2042 Bonds). The 2022 Bonds and the 2042 Bonds are redeemable
at any time subject to certain “make whole” provisions prior to March
15, 2022 and March 15, 2042, respectively. On or after these dates, the
bonds are callable at par.
BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC,
Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith
Incorporated, RBS Securities Inc., and US Bancorp Investments, Inc.,
acted as joint book-running managers for the offering. Mizuho Securities
USA Inc. and Scotia Capital (USA) Inc. were co-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 Commission’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) Credit
Suisse Securities (USA) LLC, toll free at 1-800-221-1037, (ii) Goldman,
Sachs & Co., toll free at 1-866-471-2526, (iii) Merrill Lynch, Pierce,
Fenner & Smith Incorporated, toll free at 1-800-294-1322, and (iv) RBS
Securities Inc., toll free at 1-866-884-2071.
Xcel Energy (NYSE: XEL) is a major U.S. electricity and natural gas
company that provides a comprehensive portfolio of energy-related
products and services to 3.4 million electricity customers and 1.9
million natural gas customers through its regulated operating companies
in eight Western and Midwestern states. Company headquarters are located
in Minneapolis. More information is available at www.xcelenergy.com.
Xcel Energy
Financial analysts:
Paul Johnson, 612-215-4535
Vice
President, Investor Relations & Financial Management
or
News
media inquiries:
Xcel Energy Media Relations, 612-215-5300
Source: Xcel Energy