Financing ·
WEC Energy Group establishes $4B equity distribution agreement for common stock sales
WECWec Energy Group, Inc.
WEC Energy Group entered into an Equity Distribution Agreement with multiple banks to sell up to $4 billion of its common stock. The company may offer shares from time to time through agents or forward purchasers, including initially priced and collared forward transactions. Proceeds will be used for general corporate purposes, capital needs, or funding determinations. WEC Energy Group operates as a regulated utility providing electricity and natural gas services.