NasdaqGS:MGEEElectric Utilities
Is Retiring Legacy Secured Debt Reshaping MGE Energy’s Capital Structure Story (MGEE)?
MGE Energy recently redeemed the remaining US$1.20 million of its 7.70% First Mortgage Bonds due 2028, completing the process on January 27, 2026.
By discharging its longstanding 1946 mortgage Indenture and removing related asset liens, the company has simplified its capital structure and altered its approach to secured financing.
We will now examine how retiring the last First Mortgage Bonds and ending the old mortgage Indenture shapes MGE Energy’s investment narrative.
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