MADISON, Wis., June 15 /PRNewswire-FirstCall/ -- Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT), has completed a public offering of $150,000,000 aggregate principal amount of debentures. The debentures have an interest rate of 4.60% and will be due on June 15, 2020.
WPL intends to apply the approximately $148.5 million in net proceeds from this offering initially to repay short-term debt, including that incurred to finance equipment purchases and construction expenditures on an interim basis, and invest in short-term assets and thereafter to fund capital expenditures principally consisting of wind farm and pollution control equipment, and for general working capital purposes.
The offering was marketed through a group of underwriters, including RBS Securities Inc., UBS Securities LLC, Barclays Capital Inc., J.P. Morgan Securities Inc. and KeyBanc Capital Markets Inc. as joint book-running managers.
Wisconsin Power and Light is a public utility engaged principally in the generation and distribution of electric energy and the distribution and transportation of natural gas in selective markets in southern and central Wisconsin, serving approximately 454,000 electric and 178,000 natural gas customers.
SOURCE Alliant Energy Corporation