secwatch.observer — SEC 8-K summary
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Issuer:     WEC ENERGY GROUP, INC. (WEC)
CIK:        0000783325
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0001104659-24-065638
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/783325/000110465924065638/0001104659-24-065638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/783325/000110465924065638/tm2415129d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-065638

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