Alliant Energy announced today, September 24, 2025, that it has priced a public offering of $725 million aggregate principal amount of 5.750% junior subordinated notes due April 1, 2056. The notes are senior to common equity but subordinate to other debt, providing a lower‑cost financing option for the company’s capital needs. The proceeds will be used to reduce outstanding commercial paper, retire long‑term debt, and support general corporate purposes.
The issuance of junior subordinated notes is a strategic move to strengthen Alliant Energy’s balance sheet while maintaining a favorable cost of capital. Because these notes rank below senior debt, they typically carry a lower interest rate than senior bonds, helping the company manage its debt servicing costs. For investors, the offering signals confidence in the company’s ability to meet its long‑term obligations and provides a new investment vehicle with a fixed 5.750% coupon.
The offering is expected to close in the coming weeks, with the company targeting a closing date in early October 2025. This financing aligns with Alliant Energy’s broader capital expenditure plan, which includes significant investments in generation and grid modernization. By securing this junior subordinated debt, the company can fund its expansion while preserving flexibility in its capital structure.
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