Madison Gas and Electric Company (MGE), a wholly owned subsidiary of MGE Energy Inc., has entered into a Note Purchase Agreement with various institutional investors to issue $90 million in unsecured senior notes. The issuance includes $30 million in 5.05% Series A Notes due 2036, $30 million in 5.25% Series B Notes due 2041, and $30 million in 5.79% Series C Notes due 2056. Proceeds from the financing will be used to fund capital expenditures and other corporate obligations. The agreement restricts MGE from issuing priority debt above 20% of its consolidated assets and includes provisions for redemption and prepayment, including a change of control clause. The notes are not secured and are not governed by MGE’s existing medium-term note indenture. Interest will be paid semi-annually, beginning July 31, 2026.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-023547), on January 27, 2026, and is solely responsible for the information contained therein.