Wisconsin Power and Light Company, a subsidiary of Alliant Energy Corporation, has recently announced the pricing of its public offering of $300 million aggregate principal amount of 5.375% debentures, due in 2034. The proceeds from this offering will be allocated for the development and acquisition of solar electric generating units.
The offering was marketed through a group of underwriters, with BofA Securities, Inc., Mizuho Securities USA LLC, TD Securities (USA) LLC, and Wells Fargo Securities, LLC serving as joint book-running managers, and Siebert Williams Shank & Co., LLC and U.S. Bancorp Investments, Inc. as co-managers.
This offering is part of a shelf registration statement filed with the Securities and Exchange Commission (SEC). As per the press release, it is expected to close on March 7, 2024, subject to customary closing conditions.
Wisconsin Power and Light Company, operating under the trade name Alliant Energy, is a Wisconsin-based utility company. The company's focus on green bonds and allocation of proceeds toward solar electric generating units highlights a strategic shift towards sustainable energy initiatives.
The market has reacted to these announcements by moving the company's shares 0.6% to a price of $49.25. For more information, read the company's full 8-K submission here.
