Interstate Power and Light Company (IPL), a wholly owned subsidiary of Alliant Energy Corporation, announced the pricing of its public offering of $300 million aggregate principal amount of 5.600% senior debentures due 2055. The senior debentures will mature on October 1, 2055.
IPL intends to use the net proceeds from this offering for general corporate purposes. This includes reducing outstanding capital under its receivables purchase and sale program and decreasing outstanding commercial paper.
This debt offering is part of Alliant Energy's ongoing financial strategy to ensure adequate liquidity and funding for its operations and investments. The successful pricing of these long-term debentures supports the company's ability to manage its debt profile and capital needs.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.