WEC ENERGY GROUP, INC. (WEC) Form 424B5 — Nov 2, 2026
WEC Energy Group filed a preliminary prospectus supplement for a two-tranche offering of Series 2026A and 2026B Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057. The notes bear fixed rates until first reset dates in 2032 (2026A) and 2037 (2026B), then reset off the Five-Year Treasury Rate plus a spread, with floors at the initial rates. Principal amounts, coupons, and pricing are left blank pending finalization.
Key figures
- Offering Expenses
- $5.5 million
- Short Term Debt Repayment
- $1.4 billion of commercial paper outstanding at September 30, 2026 with a 4.20% weighted average rate and average life under 30 days
- Subsidiary Long Term Debt
- $14.3 billion at 9/30/2026
- Senior Indebtedness Outstanding
- $5.4 billion (unconsolidated, at 9/30/2026)
- Common Equity
- $14,575.4 million
- Long Term Debt
- $20,851.7 million
- Maturity year
- 2057
- Deferral Feature
- up to 20 consecutive semi-annual periods (10 years) of interest deferral permitted
- Total Capitalization
- $37.8 billion at September 30, 2026
- Series 2026 A first reset
- 2032
- Series 2026 B first reset
- 2037
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