WEC Energy (WEC) Issues $2 Billion in Subordinated Notes Due 2057

WEC Energy Group (WEC) entered into an underwriting agreement on November 2, 2026, for the issuance and sale of $2 billion in junior subordinated notes due 2057. The offering is split into two series of $1 billion each.

The 2026A Series has a rate of 6.750% and the 2026B Series has a rate of 6.950%. Both are fixed-to-fixed reset rate notes, meaning the initial fixed rate is reset on a future date.

The offering is registered with the SEC, the US securities regulator. The underwriting managers are Citigroup Global Markets, J.P. Morgan Securities, RBC Capital Markets, TD Securities (USA) and Wells Fargo Securities, as representatives of the underwriters.