Xcel Energy dips after unveiling $2 billion convertible offering plans
XEL•Xcel Energy plans a private $2 billion convertible bond offering due 2027 and intends to use proceeds to repay short-term borrowings and for general corporate purposes. Its shares fell 1% in premarket trading.
1. Offering plans
Xcel Energy plans to privately offer $2 billion of convertible bonds due 2027. It intends to use the net proceeds to repay short-term borrowings, including some commercial paper borrowings, and for other general corporate purposes.
