Alliant Energy subsidiaries price debt offerings

MADISON, Wis. - Two subsidiaries of Alliant Energy, one in Wisconsin and another in Iowa, said Wednesday that they have priced debt offerings.

Cedar Rapids, Iowa-based Interstate Power and Light Co. priced a $300 million public debt offering of senior debentures with an interest rate of 6.25 percent. They are due in 2039.

Interstate Power plants to use about $295.2 million in net proceeds from the offering to repay debt, invest in short-term assets and fund capital expenditures.

Joint bookrunning managers were Banc of America Securities LLC, Wells Fargo Securities LLC, Mitsubishi UFJ Securities Inc. and RBS Securities Inc. Commerzbank Capital Markets Corp. and Mizuho Securities USA Inc. were co-managers.

Meanwhile, a second Alliant subsidiary, Wisconsin Power and Light Co., also priced a $250 million public debt offering with an interest rate of 5 percent. They are due in 2019.

Wisconsin Power, based in Madison, Wis., plans to use the roughly $246.6 million in proceeds to repay debt, invest in short-term assets fund capital expenditures and for general corporate expenses.

Banc of America Securities, Wells Fargo Securities, BNY Mellon Capital Markets LLC and UBS Securities LLC were joint bookrunning managers. Commerzbank Capital Markets Corp. and Mizuho Securities USA Inc. were co-managers.

Alliant shares closed Tuesday at $25.85. They have fallen 24 percent in the past year.

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