Xcel Energy announces $1.2B offering of common stock

Xcel Energy (XEL) announced the commencement of a registered underwritten offering of $1.2B of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers from third parties and sold to the underwriters and offered in connection with the forward sale agreements. Barclays and BofA Securities are acting as joint book-running managers for this offering.