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Wisconsin Power & Light intends to sell debentures
By Devika Patel
Knoxville, Tenn., March 30 – Wisconsin Power & Light Co. is selling debentures, according to a 424B5 filing with the Securities and Exchange Commission.
The debentures have a make-whole call and then a par call.
BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners. KeyBanc Capital Markets Inc., Siebert Williams Shank & Co. LLC and U.S. Bancorp Investments Inc. are the co-managers.
Proceeds will be used to reduce borrowings under the company’s revolving credit facility and for general corporate purposes.
The Madison, Wis.-based public utility distributes electricity and natural gas to central and southern Wisconsin.
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