WEC Energy Group, Inc. (WEC), a utilities company, said on Thursday that it intends to offer $700 million of convertible senior notes due 2028 in a private offering.
In addition, the Group expects to grant the initial purchasers of the notes an option to purchase up to additional $105 million of the convertible notes.
The company intends to use the net proceeds from this offering for general corporate purposes and debt repayment.
The final terms of the convertible notes, including the initial conversion price, interest rate, and others of the convertible notes, will be announced at the time of pricing.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.