Xcel Energy Inc.
Xcel Energy Announces Forward Sale Agreements and Underwriting Deal
Summary
On November 4, 2024, Xcel Energy Inc. entered into separate forward sale agreements with Barclays Bank PLC and Bank of America, N.A., totaling 18,320,610 shares of common stock. Additionally, Xcel Energy entered into an underwriting agreement with the forward purchasers and sellers, facilitating the sale of these shares. The forward sale agreements provide for various settlement options, including physical, net share, and cash settlement. The initial forward sale price is set at $64.4356 per share, subject to daily adjustments. On November 5, 2024, 18,320,610 shares were borrowed and sold to the underwriters, with an option for the underwriters to purchase up to an additional 2,748,091 shares within 30 days. The offering was registered under Xcel Energy's previously filed Form S-3 registration statement.
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About Xcel Energy Inc.
Xcel Energy Inc. is a prominent utility company engaged in the generation, transmission, and distribution of electricity and natural gas. Primarily serving customers across eight states in the U.S., including the regions of the Midwest and Rocky Mountain areas, Xcel Energy plays a vital role in supplying energy to millions of residential, commercial, and industrial consumers. With a focus on sustainability and renewable energy, the company is actively expanding its renewable energy portfolio, investing in wind and solar power projects to reduce carbon emissions and promote cleaner energy solutions. Xcel Energy's operations are crucial for powering essential infrastructure and supporting economic activity in its service areas, making it a key player in the energy sector. Its commitment to innovation in energy production and distribution not only meets current demand but also gears towards future energy challenges in an evolving market landscape.
Official SEC Documents
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