Alliant Energy plans $500 million convertible notes offer

MADISON, Wis. - Alliant Energy Corporation (NASDAQ: LNT), a utility company with a market capitalization of $15.86 billion, has announced its intention to offer $500 million in convertible senior notes due in 2028, with an additional option for initial purchasers to buy up to $75 million more within a 13-day period from the issue date. According to InvestingPro data, the company currently maintains a P/E ratio of 21.3x. The private placement will be directed towards qualified institutional buyers under Rule 144A of the Securities Act of 1933.

The utility company aims to use the net proceeds from this offering to repay or refinance debt, reduce outstanding commercial paper, or for other general corporate purposes. These notes, which are senior unsecured obligations of Alliant Energy, will be convertible under specific conditions and at certain times, with interest payable semiannually. InvestingPro analysis indicates that Alliant’s short-term obligations exceed its liquid assets, with a current ratio of 0.34 and total debt of $10.63 billion. Upon conversion, Alliant Energy will pay cash up to the principal amount and may also deliver cash, common stock, or a combination thereof for any excess amount.

The interest rate, initial conversion rate, and other terms of the convertible notes are yet to be set and will be finalized through negotiations between Alliant Energy and the initial purchasers.

It is important to note that neither the convertible notes nor the common stock that may be issued upon their conversion will be registered under the Securities Act or any state securities laws. Consequently, these securities may not be offered or sold in the U.S. without registration or an applicable exemption from registration requirements.

This press release includes forward-looking statements that are subject to various risks and uncertainties, which could cause actual results to differ from those projected. These risks include the completion of the offering, capital market risks, and general economic or industry conditions. Alliant Energy cautions against placing undue reliance on these forward-looking statements, which reflect the company’s position only as of the date of the press release. Despite these risks, InvestingPro data shows the company has maintained dividend payments for 55 consecutive years and has raised its dividend for 21 consecutive years, demonstrating long-term financial stability. Discover more insights about Alliant Energy and 1,400+ other stocks through InvestingPro’s comprehensive research reports.

This news is based on a press release statement from Alliant Energy Corporation and does not serve as an offer to sell or a solicitation of an offer to buy the securities mentioned.

In other recent news, Alliant Energy Corporation reported impressive financial results for the first quarter of 2025. The company exceeded expectations with earnings per share (EPS) of $0.83, surpassing the forecast of $0.69. Revenue also outperformed projections, reaching $1.13 billion against an anticipated $1.11 billion. In addition to this strong performance, Alliant Energy announced a $1.3 billion stock sale plan through a distribution agreement with several financial institutions, including Barclays Capital Inc., BofA Securities, Inc., and Goldman Sachs & Co. LLC. The proceeds from this sale are intended for general corporate purposes, such as debt repayment and funding for construction and acquisition expenditures.

Furthermore, Alliant Energy reaffirmed its 2025 earnings guidance, maintaining a range of $3.15 to $3.25 per share, indicating confidence in its strategic initiatives. The company is also focusing on significant investments in renewable energy and infrastructure projects. Although there were no analyst upgrades or downgrades reported, the company’s strong earnings and strategic moves are likely to be of interest to investors. These developments highlight Alliant Energy’s robust financial health and strategic planning amid a dynamic market environment.

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