Wisconsin Power and Light Company Completes $100,000,000 Debt Offering
MADISON, Wis., July 28 /PRNewswire-FirstCall/ -- Wisconsin Power and Light Company, the Wisconsin utility subsidiary of Alliant Energy Corporation (NYSE: LNT), announced today that it had priced a public offering of $100 million aggregate principal amount of unsecured senior debentures. The senior debentures have an interest rate of 6.25% and will be due in 2034. (Logo: http://www.newscom.com/cgi-bin/prnh/20020405/LNTLOGO ) Wisconsin Power and Light will apply the approximately $98.6 million in net proceeds from this offering to repay short term debt, including $62 million incurred in connection with the repayment on June 1, 2004 of its first mortgage bonds, 1992 Series X, 7.25% due 2004, to finance capital expenditures and for general corporate purposes. The offering was marketed through a group of underwriters, including Banc of America Securities LLC and Wachovia Securities as joint lead managers and joint book managers, and ABN AMRO Incorporated, Robert W. Baird & Co. and The Williams Capital Group, L.P. as co-managers. Alliant Energy is an energy-services provider that serves more than three million customers worldwide. Providing its regulated customers in the Midwest with electricity and natural gas service remains the company's primary focus. Wisconsin Power and Light provides electric service to approximately 437,000 customers and natural gas service to approximately 173,000 customers. Alliant Energy is a Fortune 1000 company traded on the New York Stock Exchange under the symbol LNT. For more information, visit the company's web site at http://www.alliantenergy.com .
SOURCE Wisconsin Power and Light Company