MGE Energy launches USD 250 million common stock offering

MGE Energy, Inc.

MGE Energy, Inc.

MGEE

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  • MGE Energy launched underwritten public offering of USD 250 million of common stock.
  • About USD 75 million expected to be issued directly by MGE Energy; about USD 175 million expected to be sold by forward sellers under forward sale agreements.
  • Includes 30-day option for underwriters to buy up to USD 37.5 million of additional common stock; company may add forward sale agreements or sell shares directly if option is exercised.
  • Forward sale agreements expected to settle no later than about 20 months from prospectus supplement date; company may elect cash or net share settlement for all or part.
  • Proceeds earmarked for general corporate purposes, including short-term debt repayment, capital spending, investments in subsidiaries.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MGE Energy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260506783315) on May 06, 2026, and is solely responsible for the information contained therein.

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