India, May 12 -- Alliant Energy Corp. (LNT) announced the pricing of its offering of $500 million aggregate principal amount of its 3.250% convertible senior notes due 2028 in a private placement.
The company also granted each of the initial purchasers of the convertible notes an option to purchase, within a 13-day period from, and including, the date on which the convertible notes are first issued, up to an additional $75 million aggregate principal amount of the convertible notes. The sale of the convertible notes is expected to close on May 15, 2025.
The company expects that the net proceeds from the convertible notes will be approximately $493.0 million (or $567.0 million if the initial purchasers exercise their option to purchase add...