STOCK TITAN

$400M more 4.75% 2028 notes issued by WEC Energy (NYSE: WEC)

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

WEC Energy Group, Inc. entered into an underwriting agreement to issue and sell an additional $400,000,000 aggregate principal amount of its 4.75% Senior Notes due January 15, 2028. These new notes form part of the same series as the $450,000,000 of 4.75% Senior Notes issued on January 11, 2023.

After completion of this registered offering under an existing Form S-3 shelf registration, the total principal amount outstanding for this 4.75% Senior Notes due 2028 series increased to $850,000,000. The transaction provides the company with additional long-term fixed-rate debt maturing in 2028.

Positive

  • None.

Negative

  • None.

Insights

WEC adds $400M to its 4.75% 2028 bond series.

WEC Energy Group is expanding its existing 4.75% Senior Notes due January 15, 2028 by issuing an additional $400,000,000 under a shelf registration. Combined with the prior $450,000,000 tranche, total outstanding for this series is now $850,000,000.

This move increases fixed-rate debt maturing in 2028, which can help match long-lived utility assets but also raises leverage relative to before. The filing does not specify use of proceeds, so investors will look to future company filings for details on deployment and any related regulatory treatment.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported):

February 23, 2026

 

 

 

Commission   Registrant; State of Incorporation;   IRS Employer
File Number   Address; and Telephone Number   Identification No.
001-09057   WEC ENERGY GROUP, INC.   39-1391525
    (A Wisconsin Corporation)    
    231 West Michigan Street    
    P.O. Box 1331    
    Milwaukee, WI 53201    
    (414) 221-2345    

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which
registered
Common Stock, $.01 Par Value   WEC   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

WEC ENERGY GROUP, INC.

 

ITEM 8.01 OTHER EVENTS.

 

On February 23, 2026, WEC Energy Group, Inc. (the “Company”) entered into an Underwriting Agreement covering the issue and sale by the Company of an additional $400,000,000 aggregate principal amount of its 4.75% Senior Notes due January 15, 2028 (the “Additional 2028 Notes”). The Additional 2028 Notes are being issued and sold by the Company in an offering registered under the Securities Act of 1933, as amended, pursuant to a registration statement on Form S-3, Registration No. 333-281253 (the “Registration Statement”).

 

The Additional 2028 Notes are part of the same series of debt securities as the $450,000,000 aggregate principal amount 4.75% Senior Notes due January 15, 2028 issued by the Company on January 11, 2023 (the “Original 2028 Notes” and, together with the Additional 2028 Notes, the “2028 Notes”). Upon completion of this offering, the aggregate principal amount of outstanding 2028 Notes was $850,000,000.

 

The exhibits filed herewith under Item 9.01 are incorporated by reference as part of the Registration Statement.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

 

(d) Exhibits

 

1.1Underwriting Agreement, dated February 23, 2026, among the Company and BofA Securities, Inc. and U.S. Bancorp Investments, Inc. as representatives of the several underwriters, relating to an additional $400,000,000 aggregate principal amount of the Company’s 4.75% Senior Notes due January 15, 2028.

 

4.1Securities Resolution No. 14 of the Company, effective as of January 9, 2023, under the Indenture for Debt Securities, dated as of March 15, 1999, between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor to The First National Bank of Chicago), as Trustee (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on January 11, 2023).

 

5.1Opinion of Joshua M. Erickson, Vice President and Deputy General Counsel, WEC Business Services LLC.

 

8.1Tax Opinion of Troutman Pepper Locke LLP.

 

23.1Consent of Joshua M. Erickson, Vice President and Deputy General Counsel, WEC Business Services LLC (included in Exhibit 5.1).

 

23.2Consent of Troutman Pepper Locke LLP (included in Exhibit 8.1).

 

104Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1 934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

WEC ENERGY GROUP, INC.
 (Registrant)
  
Date: February 26, 2026 
 /s/ William Guc
 William Guc - Vice President and Controller

 

 

FAQ

What type of securities did WEC (WEC) issue in this 8-K event?

WEC Energy Group issued additional 4.75% Senior Notes due January 15, 2028. These are unsecured debt securities, expanding an existing bond series first issued in January 2023 under the same 4.75% coupon and maturity terms.

How much new debt did WEC (WEC) add with the additional 2028 notes?

WEC Energy Group added $400,000,000 aggregate principal amount of 4.75% Senior Notes due 2028. This new tranche increases the size of the company’s existing 2028 bond series originally issued in January 2023.

What is the total principal outstanding of WEC (WEC) 4.75% Senior Notes due 2028 after this deal?

After this transaction, the aggregate principal amount of WEC Energy Group’s 4.75% Senior Notes due January 15, 2028 is $850,000,000. This total combines the original $450,000,000 issued in 2023 with the new $400,000,000 issuance.

Under what registration did WEC (WEC) offer the additional 2028 notes?

The additional 4.75% Senior Notes due 2028 were offered in a registered transaction under the Securities Act, using WEC Energy Group’s shelf registration statement on Form S-3, Registration No. 333-281253, which permits issuance of securities over time.

Did WEC (WEC) use an underwriting agreement for the new 2028 notes?

Yes, WEC Energy Group entered into an underwriting agreement on February 23, 2026. This agreement covers the issue and sale of the additional $400,000,000 of 4.75% Senior Notes due January 15, 2028 to underwriters for public distribution.

Are the new WEC (WEC) 2028 notes part of the same series as prior bonds?

The additional 4.75% Senior Notes due January 15, 2028 are part of the same series as the $450,000,000 of 4.75% Senior Notes issued on January 11, 2023. Together, they form a single $850,000,000 bond series.

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37.56B
324.93M
Utilities - Regulated Electric
Electric & Other Services Combined
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