Alliant Energy Corporation announced the pricing of its offering of $500 million aggregate principal amount of 3.250% convertible senior notes due 2028. The offering was conducted as a private placement under the Securities Act of 1933.
The net proceeds from the offering are expected to be approximately $493.0 million, after deducting initial purchasers’ discounts and commissions and offering expenses. Alliant Energy intends to use these proceeds for the repayment or refinancing of debt, to reduce outstanding commercial paper, or for general corporate purposes.
The convertible notes will bear interest at a fixed rate of 3.250% per year, payable semiannually. The initial conversion rate is 13.1773 shares of common stock per $1,000 principal amount, equivalent to an initial conversion price of approximately $75.89 per share, representing a premium of approximately 27.5% over the last reported sale price of Alliant Energy’s common stock on May 12, 2025.
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