secwatch.observer — SEC 8-K summary
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Issuer:     WEC ENERGY GROUP, INC. (WEC)
CIK:        0000783325
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001104659-24-064433
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WEC Energy Group prices $1.5B in convertible notes at 4.375% in two tranches due 2027 and 2029
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- Priced $750M of 4.375% convertible senior notes due 2027 and $750M due 2029; overallotment option up to $112.5M each.
- Conversion rate initially 10.1243 shares per $1,000 principal, premium ~20% above May 22 closing price of ~$82.31.
- Interest paid semiannually at 4.375%; notes are senior unsecured obligations; closing expected May 28, 2024.
- Net proceeds to be used for general corporate purposes, including repayment of short-term debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/783325/000110465924064433/0001104659-24-064433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/783325/000110465924064433/tm2415129d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-064433

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