debt
confidence high
sentiment neutral
materiality 0.60
Alliant Energy closes $575M 3.250% convertible notes offering due 2028
ALLIANT ENERGY CORP
- $575M aggregate principal of 3.250% convertible senior notes due 2028 issued, including full $75M option exercise.
- Initial conversion rate 13.1773 shares per $1,000 principal, conversion price ~$75.89/share (27.5% premium).
- Net proceeds ~$567M (after discounts) to repay debt, reduce commercial paper, or general corporate purposes.
- Notes mature May 30, 2028; interest payable semi-annually starting Nov 30, 2025.