From Nasdaq: 2025-05-12 23:02:00

Alliant Energy Corp. (LNT) priced its offering of $500 million in 3.250% convertible senior notes due 2028, with an option for an additional $75 million. Net proceeds are expected to be around $493 million. The company plans to use the funds for debt repayment, commercial paper reduction, or general corporate purposes. The convertible notes will mature on May 30, 2028, with an interest rate of 3.250% per year. Conversion is allowed under certain conditions before March 1, 2028, with an initial conversion price of approximately $75.89 per share. This move represents a premium of about 27.5% over the last reported sale price of Alliant Energy’s common stock.



Read more at Nasdaq: Alliant Energy Announces Pricing Of Offering Of $500 Mln Of 3.250% Convertible Senior Notes Due 2028