Interstate Power and Light Company, a subsidiary of Alliant Energy Corporation, priced a public offering of $300 million aggregate principal amount of 5.600% senior debentures due 2055.
The offering aims to use the net proceeds to reduce outstanding capital under its programs and for general corporate purposes.
The underwriters for the offering include KeyBanc Capital Markets, PNC Capital Markets, TD Securities, U.S. Bancorp Investments, Academy Securities, and Comerica Securities.
Debt Offering
$300 million in senior debentures priced for 2055.
Use of Proceeds
Intends to reduce outstanding capital under programs and for general corporate purposes.
Closing Date
Expected to occur on September 11, 2025, subject to customary conditions.
- The pricing of the senior debentures indicates confidence in the company's financial stability and future prospects.
- The successful offering could strengthen the company's financial position and support its growth strategies.
Interstate Power and Light Company's debt offering demonstrates strategic financial planning and aims to enhance its capital structure for future initiatives.