Wisconsin Electric Power offers debentures via four bookrunners

By Mary-Katherine Stinson

Lexington, Ky., Sept. 14 – Wisconsin Electric Power Co. plans to sell debentures via four bookrunners, according to a 424B5 filing with the Securities and Exchange Commission.

The debentures will have a make-whole call and then a par call.

BMO Capital Markets Corp., BofA Securities, Inc., RBC Capital Markets, LLC and Scotia Capital (USA) Inc. are the bookrunners.

Siebert Williams Shank & Co. LLC and Samuel A. Ramirez & Co., Inc. are the co-managers.

U.S. Bank Trust Co., NA is the trustee.

The company is using in-house counsel and Troutman Pepper Hamilton Sanders LLP. Hunton Andrews Kurth LLP is counsel to the underwriters.

Proceeds will be used to pay or reimburse the payment of, in whole or in part, existing and new expenditures for the acquisition, construction and development of wind and solar electric generating facilities and related energy storage assets. This may include disbursements made during the 24 months preceding the issue date of the debentures or made at any time following the issue date up to their maturity date.

Wisconsin Electric Power is a Milwaukee-based subsidiary of WEC Energy Group, Inc.

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