Public Service Company of Colorado Announces Redemption of 2.25% First Mortgage Bonds, Series No. 23 Due 2022

Rhea-AI Summary

Xcel Energy has announced the submission of a redemption notice to redeem all outstanding 2.25% First Mortgage Bonds, Series No. 23, with an aggregate principal amount of $300 million. The redemption will occur on June 15, 2022, at a price equal to 100% of the principal plus accrued interest. This press release does not serve as a redemption notice itself, and holders are advised to refer to the notice to be provided through The Depository Trust Company.

Positive

• Redemption of $300 million in bonds indicates strong cash flow management.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- Public Service Company of Colorado, a Colorado corporation, announced today that it has submitted a redemption notice to The Depository Trust Company, as registered holder, to redeem all of its outstanding 2.25% First Mortgage Bonds, Series No. 23 due 2022 (the “Bonds”) on June 15, 2022 (the “Redemption Date”). The redemption price for the Bonds will be equal to 100% of the principal amount being redeemed plus accrued and unpaid interest thereon to but excluding the Redemption Date. The aggregate principal amount of Bonds currently outstanding is $300,000,000.

This press release does not constitute a notice of redemption of the Bonds. Holders of the Bonds should refer to the notice of redemption to be delivered through The Depository Trust Company.

This press release is not an offer to sell or a solicitation of an offer to buy any securities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220516005950/en/

Xcel Energy

Financial analysts:

Paul Johnson, 612-215-4535

Vice President, Treasurer & Investor Relations

or

News media inquiries:

Xcel Energy Media Relations, 612-215-5300

Source: Xcel Energy

FAQ

What is the redemption price for XEL's bonds?

The redemption price for Xcel Energy's bonds is 100% of the principal amount plus accrued and unpaid interest up to the redemption date.

When will Xcel Energy redeem its 2.25% First Mortgage Bonds?

Xcel Energy will redeem its 2.25% First Mortgage Bonds on June 15, 2022.

What is the total principal amount of the bonds being redeemed by Xcel Energy?

The total principal amount of the bonds being redeemed by Xcel Energy is $300 million.

Where can bondholders find the official notice of redemption for Xcel Energy?

Bondholders should refer to the notice of redemption to be delivered through The Depository Trust Company.

Is the press release a notice for the redemption of Xcel Energy's bonds?

No, the press release is not a notice of redemption; it is an announcement of the submission of a redemption notice.