Alliant Energy (NASDAQ: LNT) unit to issue $500M 2031 debt
Rhea-AI Filing Summary
Alliant Energy Corporation (LNT) reported that its Iowa utility subsidiary, Interstate Power and Light Company (IPL), entered into an underwriting agreement to issue $500 million aggregate principal amount of 5.100% Senior Debentures due 2031 in a registered public offering. The debentures will be issued under IPL’s existing 2003 indenture with The Bank of New York Mellon Trust Company, N.A. as trustee, pursuant to an automatic shelf registration statement on Form S-3.
The debentures have a stated maturity of September 30, 2031, and the offering is expected to close on August 21, 2026, subject to customary closing conditions. IPL states that net proceeds are intended to be used to reduce outstanding capital under its receivables purchase and sale program, to reduce outstanding commercial paper, and/or for general corporate purposes. The deal is being underwritten by a syndicate led by Mizuho Securities USA LLC, PNC Capital Markets LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC as joint book-running managers.
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8-K Event Classification
Key Figures
Key Terms
senior debentures financial
automatic shelf registration statement regulatory
prospectus supplement regulatory
receivables purchase and sale program financial
indenture financial
FAQ
What debt offering did Alliant Energy’s subsidiary IPL announce in this Form 8-K for LNT?
What is the interest rate and maturity date of IPL’s new debentures mentioned for LNT?
When is the closing of IPL’s $500 million debenture offering for Alliant Energy (LNT) expected?
How does IPL plan to use the net proceeds of the $500 million debenture offering for LNT?
Under what registration statement is IPL’s $500 million debenture offering for LNT being made?
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