$XEL (XCEL ENERGY) — 8-K: Xcel Energy prices upsized $2.2 billion convertible notes offering at 2.625% due 2027

Xcel Energy priced $2,200,000,000 aggregate principal amount of 2.625% convertible senior notes due 2027, upsized from the previously announced $2,000,000,000. Net proceeds are expected to be approximately $2,178,500,000, or $2,476,250,000 if purchasers exercise their $300,000,000 option in full. The notes carry an initial conversion price of approximately $87.26 per share, a 10.0% premium to the last reported sale price on November 2, 2026. Proceeds will repay short-term borrowings, including commercial paper and a portion of its 364-day delayed draw term loan, and for general corporate purposes.

Xcel Energy priced $2,200,000,000 aggregate principal amount of 2.625% convertible senior notes due 2027, upsized from the previously announced $2,000,000,000. Net proceeds are expected to be approxim