debt
confidence high
sentiment neutral
materiality 0.55
WEC Energy issues additional $75M in 4.375% convertible senior notes due 2027 and 2029
WEC ENERGY GROUP, INC.
- Issued $37.5M additional 4.375% Convertible Senior Notes due 2027 and $37.5M due 2029, total additional $75M.
- Combined with previously issued $825M each, total principal now $862.5M for each tranche.
- Notes issued via option exercise to initial purchasers under Rule 144A, unregistered.
- Shares issuable upon conversion: up to ~10.48M per tranche based on initial conversion rate.