WEC Energy Group to replace reference rate for Junior Subordinated Notes
MILWAUKEE, June 30, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced today that, after June 30, 2023, CME Term SOFR, as administered by the CME Group Benchmark Administration, will be the replacement reference rate for WEC Energy Group's 2007 Series A Junior Subordinated Notes due 2067 (CUSIP:976657AH9) (the "Notes"), replacing U.S. dollar LIBOR as the reference rate.
- MILWAUKEE, June 30, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced today that, after June 30, 2023, CME Term SOFR, as administered by the CME Group Benchmark Administration, will be the replacement reference rate for WEC Energy Group's 2007 Series A Junior Subordinated Notes due 2067 (CUSIP:976657AH9) (the "Notes"), replacing U.S. dollar LIBOR as the reference rate.
- WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving nearly 4.7 million customers in Wisconsin, Illinois, Michigan and Minnesota.
- The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources.
- WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500.