Alliant Energy enters into $300 million one-year term loan

By Wendy Van Sickle

Columbus, Ohio, March 5 – Alliant Energy Corp. subsidiary Alliant Energy Finance, LLC entered into a $300 million one-year term loan on March 1, according to an 8-K filing with the Securities and Exchange Commission.

The new agreement, maturing March 3, 2025, also provides for an incremental term loan facility for up to an additional $100 million.

The interest rate is SOFR plus 100 basis points.

The credit agreement contains covenants that, among other things, require Alliant Energy to maintain a debt-to-capital ratio of not greater than 65% on a consolidated basis.

U.S. Bank NA is the administrative agent, a joint bookrunner and lead arranger along with CoBank ACB, Mizuho Bank, Ltd. and Toronto-Dominion Bank, New York Branch.

The loan is guaranteed by the parent company.

Proceeds may be used to refinance existing debt and for general corporate purposes.

Alliant Energy is a Madison, Wis., utility holding company.

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