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Xcel Energy logoXcel Energy XEL

The company said it entered into an Underwriting Agreement on November 4, 2024 with Barclays Bank PLC, Bank of America, N.A. and others, under which the Forward Sellers sold 18,320,610 shares of common stock to the Underwriters.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it entered into an Underwriting Agreement on November 4, 2024 with Barclays Bank PLC, Bank of America, N.A. and others, under which the Forward Sellers sold 18,320,610 shares of common stock to the Underwriters.

  2. The company said it entered into separate Forward Sale Agreements with each Forward Purchaser on November 4, 2024, covering an aggregate of 18,320,610 shares of common stock.

  3. The company said the Underwriters exercised in full their option to buy an additional 2,748,091 shares, granted for 30 days, on November 6, 2024, and it entered into Additional Forward Sale Agreements with each Forward Purchaser for the same number of shares.

  4. The company said the common stock in this offering was registered under its Form S-3 registration statement (File No. 333-278797), and that this 8-K is being filed to submit documents related to the offering as exhibits to the registration statement.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Underwriting Agreement on November 4, 2024 and sale of 18,320,610 shares

The company said it entered into an Underwriting Agreement on November 4, 2024 with Barclays Bank PLC, Bank of America, N.A. and others, under which the Forward Sellers sold 18,320,610 shares of common stock to the Underwriters.

Source · Based on the filing body and exhibits

Forward Sale Agreements entered into on the same terms

The company said it entered into separate Forward Sale Agreements with each Forward Purchaser on November 4, 2024, covering an aggregate of 18,320,610 shares of common stock.

Source · Based on the filing body and exhibits

Underwriters exercise full additional purchase option and Additional Forward Sale Agreements

The company said the Underwriters exercised in full their option to buy an additional 2,748,091 shares, granted for 30 days, on November 6, 2024, and it entered into Additional Forward Sale Agreements with each Forward Purchaser for the same number of shares.

Source · Based on the filing body and exhibits

Form S-3 registration and purpose of filing

The company said the common stock in this offering was registered under its Form S-3 registration statement (File No. 333-278797), and that this 8-K is being filed to submit documents related to the offering as exhibits to the registration statement.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.