XCEL ENERGY INC — Form 10-Q
Filed October 29, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
On September 24, 2026, Xcel Energy amended its Fifth Amended and Restated Credit Agreement (with JPMorgan Chase as agent, 22 lenders including Bank of America, Citibank, Wells Fargo) and its 364-Day Delayed Draw Term Loan Agreement (with U.S. Bank as agent, 13 lenders). Both amendments modified Section 8(e) Events of Default to exclude certain indebtedness triggers, notably adding carve-outs for convertible debt conversions and NSPC-W indebtedness up to 15% of consolidated assets. The filing does not specify facility size, margin changes, or financial covenants. Both documents were executed by Todd Wehner (VP, Treasurer) on behalf of Xcel.
Why this rating
Technical covenant refinement on unspecified credit facilities; no disclosed dollar amounts, rates, or terms. Standard protective amendment for large cap utilities; immaterial to $40.3B market cap company.
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