Xcel Energy Announces Redemption of Outstanding 5.613% Senior Notes, Series B Due 2017
Xcel Energy Inc. (NYSE: XEL) announced today that it has submitted a redemption notice to the trustee to redeem all of its
outstanding 5.613% Senior Notes, Series B due 2017 (Notes) on December 19, 2016 (Redemption Date). The redemption price is equal to
the greater of the outstanding principal amount of the Notes and a make-whole premium, which will be calculated three business days
prior to the Redemption Date in accordance with the terms of the Notes and related indenture, plus accrued and unpaid interest to
the Redemption Date. The aggregate principal amount of Notes currently outstanding is $253,979,000. The company expects to issue
new debt to fund the redemption of the Notes.
This press release does not constitute a notice of redemption of the Notes. Holders of the Notes should refer to the notice of
redemption to be delivered to the registered holders of the Notes by Wells Fargo Bank, N.A., the trustee with respect to the
Notes.
This press release is not an offer to sell or a solicitation of an offer to buy any securities.
Forward Looking Statements
Except for the historical statements contained in this release, the matters discussed herein including the company’s plans to
redeem the Notes and issue new debt, are forward-looking statements that are subject to certain risks, uncertainties and
assumptions. Actual results may vary materially. Forward-looking statements speak only as of the date they are made and we
expressly disclaim any obligation to update any forward-looking information. Important factors that may cause such variances
include, but are not limited to, market conditions, demand for new corporate debt and other factors set forth in Xcel Energy’s
Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2015, Quarterly Reports on Form 10-Q for the quarters ended March 31,
2016, June 30, 2016, and September 30, 2016 and subsequent securities filings, including: general economic conditions, including
inflation rates, monetary fluctuations and their impact on capital expenditures and the ability of Xcel Energy Inc. and its
subsidiaries (collectively, Xcel Energy) to obtain financing on favorable terms; business conditions in the energy industry;
including the risk of a slow down in the U.S. economy or delay in growth recovery; trade, fiscal, taxation and environmental
policies in areas where Xcel Energy has a financial interest; customer business conditions; actions of credit rating agencies;
competitive factors including the extent and timing of the entry of additional competition in the markets served by Xcel Energy;
unusual weather; effects of geopolitical events, including war and acts of terrorism; cyber security threats and data security
breaches; state, federal and foreign legislative and regulatory initiatives that affect cost and investment recovery, have an
impact on rates or have an impact on asset operation or ownership or impose environmental compliance conditions; structures that
affect the speed and degree to which competition enters the electric and natural gas markets; costs and other effects of legal and
administrative proceedings, settlements, investigations and claims; financial or regulatory accounting policies imposed by
regulatory bodies; availability or cost of capital; and employee work force factors.
About Xcel Energy
Xcel Energy (NYSE: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern
states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and
delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
Xcel Energy
Financial analysts:
Paul Johnson, 612-215-4535
Vice President, Investor Relations
or
News media inquiries:
Xcel Energy Media Relations, 612-215-5300
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