WEC Energy Group issues $1.65B in 4.375% convertible notes due 2027 and 2029

WEC ENERGY GROUP, INC.

Issued $825M of 4.375% convertible senior notes due 2027 and $825M due 2029 on May 28, 2024.
Initial conversion price ~$98.77/share, representing 10.1243 shares per $1,000 principal.
Over-allotment partially exercised: additional $75M each tranche issued; up to $37.5M each remains available.
Notes are senior unsecured; 2027 notes not redeemable; 2029 notes redeemable after June 1, 2027 under conditions.
Max ~10.48M common shares issuable per tranche upon conversion, unregistered securities.

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