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WEC Energy Prices $775 Million Convertible Notes Offering
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WEC Energy Prices $775 Million Convertible Notes Offering
Jun 6, 2025 12:47 AM

03:38 AM EDT, 06/06/2025 (MT Newswires) -- WEC Energy ( WEC ) said late Thursday it has priced a private offering of $775 million worth of 3.375% convertible senior notes due 2028.

The offering, upsized from an initial $700 million, is expected to close on June 10, the company said.

The company is granting initial purchasers a 13-day option purchase up to $125 million in additional notes.

The conversion rate for the notes will initially be 7.7901 shares per $1,000 in principal, equivalent to a conversion price of around $128.37 per share, the company said.

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