MINNEAPOLIS--(BUSINESS WIRE)--
Xcel Energy Inc. (NYSE: XEL) (Xcel Energy) today announced that it
closed an offering of $450.0 million in aggregate principal amount of
its 0.75% senior unsecured notes due May 9, 2016 (the Notes). The Notes
are redeemable at any time subject to certain “make whole” provisions.
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., Citigroup Global Markets Inc. and Merrill Lynch,
Pierce, Fenner & Smith Incorporated, acted as joint book-running
managers for the offering.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy any securities nor shall there be any
sale of any 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) Barclays
Capital Inc., toll free 1-888-603-5847, (ii) Citigroup Global Markets
Inc. toll free at 1-800-831-9146, or (iii) Merrill Lynch, Pierce, Fenner
& Smith Incorporated toll-free at 1-800-294-1322.
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.
Xcel Energy
Financial analysts:
Paul Johnson,
612-215-4535
Vice President, Investor Relations & Business
Development
or
News media inquiries:
Xcel Energy Media
Relations, 612-215-5300
Source: Xcel Energy