Hunton Andrews Kurth Advises on WEC Energy Group, Inc.’s Private Placement of $750 Million of Fixed-to-Fixed Reset Rate Junior Subordinated Notes
Hunton Andrews Kurth LLP advised the purchasers in connection with WEC Energy Group, Inc.’s (“WEC”) issuance of $254 million Series 2024A 6.69% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due June 15, 2055 and $496 million Series 2024B 6.74% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due June 15, 2055 in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended.
WEC is a public utility holding company whose wholly-owned subsidiaries are primarily engaged in the business of providing electricity service in Wisconsin and Michigan and regulated natural gas service 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. Through its subsidiaries, WEC also owns majority interests in a number of renewable generating facilities as part of its non-utility energy infrastructure business.
The Hunton Andrews Kurth team included Adam R. O’Brian, Patrick C. Jamieson, Monika M. Dziewa and Gabrielle Kraushaar. Robert McNamara, William Freeman, Caitlin Scipioni and Katherine Gallagher provided tax advice.
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