Hunton Andrews Kurth Advises On WEC Energy Group, Inc.’s Inaugural Offering of $1.725 Billion 4.375% Convertible Senior Notes

Hunton Andrews Kurth LLP advised the initial purchasers in connection with WEC Energy Group, Inc.’s inaugural offering of (i) $825 million aggregate principal amount of its 4.375% Convertible Senior Notes due 2027 and (ii) $825 million aggregate principal amount of its 4.375% Convertible Senior Notes due 2029, in a private placement under Rule 144A of the Securities Act of 1933, as amended, which closed on May 28, 2024. On June 5, 2024, WEC Energy Group, Inc. issued (i) an additional $37.5 million aggregate principal amount of its 4.375% Convertible Senior Notes due 2027 and (ii) an additional $37.5 million aggregate principal amount of its 4.375% Convertible Senior Notes due 2029 upon the exercise by the initial purchasers of the remainder of their over-allotment option.

WEC is a public utility holding company whose wholly-owned subsidiaries are primarily engaged in the business of providing regulated natural gas, electricity and renewable energy services in Wisconsin, Illinois, Michigan and Minnesota. In addition, WEC has an approximately 60% equity interest in American Transmission Company LLC, a regulated electric transmission company, and majority interests in several wind generating facilities as part of its non-utility energy-infrastructure business.  

The Hunton Andrews Kurth team included Peter K. O’Brien, Adam R. O’Brian, Patrick C. Jamieson, Reuben H. Pearlman and Monika M. Dziewa. Robert McNamara, William Freeman and Caitlin Scipioni provided tax advice. Leslie Okinaka provided ERISA advice.