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.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.