WEC Energy Group Inc. Announces $700 Million Convertible Senior Notes Offering Due 2028

Reuters
2025/06/05
WEC Energy Group Inc. Announces $700 Million Convertible Senior Notes Offering Due 2028

WEC Energy Group Inc. has announced an offering of $700,000,000 in aggregate principal amount of convertible senior notes due in 2028. The offering is being made in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The terms of the convertible notes, including the initial conversion price and interest rate, are to be determined at the time of pricing. These notes are senior, unsecured obligations and will mature on June 1, 2028. Interest will be paid semiannually. Holders will have the right to convert their notes under certain conditions before March 1, 2028, and at any time thereafter until the close of business on the second scheduled trading day immediately preceding the maturity date. WEC Energy Group may pay in cash, shares of common stock, or a combination thereof upon conversion. The company also expects to grant the initial purchasers an option to purchase up to an additional $105,000,000 in aggregate principal amount of the notes within a 13-day period from the date of issuance.

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. WEC Energy Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CG03707) on June 05, 2025, and is solely responsible for the information contained therein.

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