WEC ENERGY GROUP, INC. (WEC): debt financing — WEC Energy Group issues $900M 3.375% convertible senior notes due 2028

WEC ENERGY GROUP, INC.

$900M aggregate principal, including $125M full exercise of initial purchasers' option.
3.375% semiannual interest; matures June 1, 2028; no redemption or sinking fund.
Initial conversion rate 7.7901 shares/$1,000 (price ~$128.37); up to ~8.59M shares issuable.
Notes unsecured, senior; structurally subordinated to subsidiary debt; sold via Rule 144A.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

WEC ENERGY GROUP, INC. incurred convertible notes of $900,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 3.375% per year maturing June 1, 2028.

Instrument: convertible notes
Principal: $900,000,000 aggregate principal amount
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 3.375% per year
Maturity: June 1, 2028
Event: incurrence

Exact text from the filing

On June 10, WEC Energy Group, Inc. (the “Company”) issued $900,000,000 aggregate principal amount of its 3.375% Convertible Senior Notes due 2028

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Source: SEC EDGAR

accession 0001104659-25-058187

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