|8-KFeb 26, 9:43 AM ET

WEC ENERGY GROUP, INC. 8-K

Research Summary

AI-generated summary

Updated

WEC Energy Group Issues $400M in Additional 4.75% Senior Notes

What Happened

  • WEC Energy Group, Inc. announced on Feb. 23, 2026 (Item 8.01), that it entered into an Underwriting Agreement to issue an additional $400,000,000 aggregate principal amount of 4.75% Senior Notes due January 15, 2028.
  • These Additional 2028 Notes are part of the same series as the $450,000,000 4.75% Senior Notes issued Jan. 11, 2023; upon completion of the offering the total outstanding principal for the series is $850,000,000. The offering is registered under the Securities Act pursuant to Form S‑3 (Registration No. 333‑281253).

Key Details

  • Issuer: WEC Energy Group, Inc.
  • Security: 4.75% Senior Notes due January 15, 2028
  • New issuance: $400,000,000 (entered into underwriting agreement Feb. 23, 2026)
  • Aggregate outstanding after offering: $850,000,000 (original $450M issued Jan. 11, 2023 + $400M additional)

Why It Matters

  • The filing confirms WEC increased its outstanding fixed‑rate debt for the 2028 note series, which raises the company’s near‑term interest‑bearing liabilities and maintains an interest rate of 4.75% through the Jan. 15, 2028 maturity.
  • Retail investors should note the larger debt balance and the upcoming 2028 maturity when evaluating WEC’s credit metrics, interest expense outlook, and cash‑flow needs; the 8‑K does not state the specific use of proceeds.