Interstate Power and Light Company announced the pricing of $300 million aggregate principal amount of 5.600% senior debentures due in 2055.
The company intends to use the net proceeds to reduce outstanding capital under its receivables purchase and sale program, commercial paper, and for general corporate purposes.
The closing of the offering is expected to occur on September 11, 2025.
Debt Offering Details
$300 million aggregate principal amount of 5.600% senior debentures due in 2055.
Use of Proceeds
Net proceeds to reduce outstanding capital and for general corporate purposes.
- The public offering will provide Interstate Power and Light Company with capital for strategic initiatives and operational needs.
- Reducing outstanding capital will enhance the company's financial position and flexibility.
Overall, the pricing of the senior debentures signifies a strategic move by IPL to strengthen its financial position and support its corporate objectives.