01—Abstract
Summary
Summary of the 8-K filed November 6, 2025. Cited figures are marked; the original filing is the authoritative source.
WEC Energy Group, Inc. filed a Form 8-K on November 6, 2025 to report that on November 3, 2025 it entered into an Underwriting Agreement for the issue and sale of $600,000,000a aggregate principal amount of 5.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056.
The notes are being sold in an offering registered under the Securities Act of 1933 pursuant to a Form S-3 registration statement (Registration No. 333-281253). The filing lists the underwriting agreement with Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC as representatives of the several underwriters. It also includes a Securities Resolution No. 18, effective November 3, 2025, under the company's 1999 Indenture with The Bank of New York Mellon Trust Company, N.A. as trustee, along with a legal opinion and consent from Joshua M.
Erickson, Vice President and Deputy General Counsel of WEC Business Services LLC. For investors, the key takeaway is a new $600 millionb junior subordinated debt issuance with a fixed 5.625% coupon that resets, due 2056. The filing does not state the use of proceeds, pricing terms beyond the coupon, or the offering closing date.
02—Key points
Key Highlights
- WEC Energy Group entered into an Underwriting Agreement on November 3, 2025 for $600,000,000 aggregate principal amount of notes.
- The notes carry a 5.625% fixed-to-fixed reset rate and are junior subordinated notes due 2056.
- The offering is registered under the Securities Act of 1933 via Form S-3, Registration No. 333-281253.
- Six investment banks are named as representatives of the underwriters, including Barclays, BofA Securities, Citigroup, Morgan Stanley, U.S. Bancorp Investments, and Wells Fargo Securities.
- Securities Resolution No. 18 under the 1999 Indenture with The Bank of New York Mellon Trust Company, N.A. as trustee was made effective November 3, 2025.
- A legal opinion and consent from Joshua M. Erickson, Vice President and Deputy General Counsel of WEC Business Services LLC, are filed as exhibits.
03—Questions
Frequently Asked Questions
How much debt did WEC Energy Group agree to issue?
WEC Energy Group agreed to issue and sell $600,000,000 aggregate principal amount of 5.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056, under an Underwriting Agreement dated November 3, 2025.
What type of securities are being issued?
The securities are junior subordinated notes with a 5.625% fixed-to-fixed reset rate, due 2056. They are being sold in an offering registered under the Securities Act of 1933 pursuant to Form S-3, Registration No. 333-281253.
Who are the underwriters for the offering?
The underwriting agreement is among the company and Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC, as representatives of the several underwriters.
What corporate actions support the notes issuance?
Securities Resolution No. 18 of the company, effective November 3, 2025, was adopted under the Indenture for Debt Securities dated March 15, 1999, with The Bank of New York Mellon Trust Company, N.A. (as successor to The First National Bank of Chicago) as trustee.
What is the purpose of the proceeds from this offering?
The filing does not state how the proceeds from the notes will be used.
04—Continue