$XEL (XCEL ENERGY) — 8-K: Xcel Energy proposes $2 billion convertible senior notes offering due 2027

Xcel Energy intends to offer $2,000,000,000 aggregate principal amount of convertible senior notes due 2027 in a private placement, with an option for initial purchasers to buy up to an additional $300,000,000. Net proceeds are intended to repay short-term borrowings, including a portion of outstanding commercial paper and a portion of borrowings under its 364-day delayed draw term loan agreement, and for other general corporate purposes. Final terms, including initial conversion price and interest rate, will be determined at pricing.

Xcel Energy intends to offer $2,000,000,000 aggregate principal amount of convertible senior notes due 2027 in a private placement, with an option for initial purchasers to buy up to an additional $30