Financing ·
WEC Energy Group prices $2B of junior subordinated notes due 2057 at 6.75%-6.95%
WECWec Energy Group, Inc.
WEC Energy Group, Inc. entered into an underwriting agreement to issue and sell $1 billion in aggregate principal amount of 6.750% Series 2026A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 and $1 billion in 6.950% Series 2026B Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057. The offering is registered under the Securities Act of 1933 via Form S-3. Citigroup, J.P. Morgan, RBC Capital Markets, TD Securities, and Wells Fargo are acting as representatives for the underwriters. WEC Energy Group operates in the electric utility industry.