WEC Energy Group to offer $1.5B of convertible senior notes due 2027 and 2029

WEC ENERGY GROUP, INC.

Plans to issue $750M in 2027 convertible notes and $750M in 2029 convertible notes in a private Rule 144A offering.
Initial purchasers granted option to buy up to an additional $112.5M of each series, total potential offering $1.725B.
Interest paid semiannually; notes are senior unsecured obligations maturing June 1, 2027 and 2029 respectively.
Conversion rights: holders may convert upon certain events before March 1 of maturity year, then at any time until close before maturity.
Net proceeds used for general corporate purposes, including repayment of short-term indebtedness.

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