ALLIANT ENERGY CORP (LNT): debt financing — Alliant Energy issues $75M additional 3.875% convertible notes due 2026

ALLIANT ENERGY CORP

Issued $75M aggregate principal of 3.875% Convertible Senior Notes due 2026 via full exercise of initial purchasers' option.
Net proceeds from the option closing were approximately $73.7M after fees and expenses.
Notes rank senior, unsecured; same indenture and terms as $500M Initial Notes issued March 2, 2023.
Maximum shares issuable upon conversion of Option Notes is 1,457,437 shares of common stock.
Notes sold in private placement under Rule 144A to QIBs; not registered under Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

ALLIANT ENERGY CORP incurred convertible notes of $75 million with qualified institutional buyers at 3.875% maturing 2026.

Instrument: convertible notes
Principal: $75 million
Counterparty: qualified institutional buyers
Rate: 3.875%
Maturity: 2026
Event: incurrence

Exact text from the filing

On March 10, 2023, Alliant Energy Corporation (the “ Company ”) issued $75 million aggregate principal amount of 3.875% Convertible Senior Notes due 2026 (the “ Option Notes ”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “ Securities Act ”), pursuant to the initial purchasers’ full exercise of their option to purchase such notes, granted in connection with the Company’s previously disclosed offering of $500 million aggregate principal amount of the Company’s 3.875% Convertible Senior Notes due 2026 (the “ Initial Notes ” and, together with the Option Notes, the “ Notes ”), which closed on March 2, 2023.

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Source: SEC EDGAR

accession 0000352541-23-000030

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