The WEC Energy Group recently announced the issuance of $775 million in convertible senior notes in a private offering to institutional buyers. Interest on the convertible notes will be paid semiannually at a rate of 3.375 percent per annum. The notes will mature in June 1, 2028, unless converted or repurchased in accordance with their terms. Holders of the notes will have the right to convert their notes to cash or WEC Energy Group common stock prior to March 1, 2028. The conversion rate for the notes will initially be 7.7901 shares of WEC Energy Group common stock per $1,000 principal amount of the notes which is equivalent to an initial conversion price of approximately $128.37 per share. The conversion rate is subject to adjustment.