08:39 AM EDT, 06/05/2025 (MT Newswires) -- WEC Energy Group ( WEC ) said Thursday it plans to offer $700 million in total principal amount of its convertible senior notes due 2028 via a private offering.

The energy company said final terms of the notes will be determined at the time of pricing and that the notes will mature on June 1, 2028 unless they are converted or repurchased earlier.

WEC Energy ( WEC ) intends to provide a 13-day option to the initial buyers to purchase up to an additional $105 million in total principal amount of the notes, it said, adding that the notes will bear a semiannual interest rate.

The company said it plans to use the net proceeds for general corporate purposes, including short-term debt repayment.