By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Feb. 23 – Alliant Energy Finance LLC priced $350 million of senior notes due March 1, 2032 on Wednesday, according to a news release.
The notes priced at 99.833 to yield 3.62%, or 165 basis points over Treasuries, a market source said.
Price talk was in the Treasuries plus 175 bps area.
The Rule 144A and Regulation S notes are guaranteed by Alliant Energy Corp.
Bookrunners were BofA Securities Inc., Barclays, TD Securities (USA) LLC and Wells Fargo Securities LLC.
Proceeds will be used to reduce outstanding commercial paper debt and for general corporate purposes.
Alliant Energy Finance is a financing arm of the Madison, Wis.-based utility holding company.
| Issuer: | Alliant Energy Finance LLC
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| Guarantor: | Alliant Energy Corp.
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| Amount: | $350 million
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| Issue: | Senior notes
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| Maturity: | March 1, 2032
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| Bookrunners: | BofA Securities Inc., Barclays, TD Securities (USA) LLC and Wells Fargo Securities LLC
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| Coupon: | 3.6%
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| Price: | 99.833
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| Yield: | 3.62%
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| Spread: | Treasuries plus 165 bps
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| Trade date: | Feb. 23
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| Settlement date: | Feb. 28
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | Treasuries plus 175 bps area
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