By Cristal Cody
Tupelo, Miss., Nov. 18 – Alliant Energy Finance LLC priced $200 million of senior notes due March 15, 2026 (Baa2/BBB+) on Tuesday at 99.812 to yield 1.437%, or a spread of 105 basis points over Treasuries, according to a market source.
The notes priced tighter than guidance in the Treasuries plus 115 bps area, plus or minus 5 bps.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and MUFG were the bookrunners of the Rule 144A and Regulation S offering.
The notes are guaranteed by Alliant Energy Corp.
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: | $200 million
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| Description: | Senior notes
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| Maturity: | March 15, 2026
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| Bookrunners: | Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and MUFG
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| Coupon: | 1.4%
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| Price: | 99.812
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| Yield: | 1.437%
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| Spread: | Treasuries plus 105 bps
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| Trade date: | Nov. 17
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| Settlement date: | Nov. 20
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| Ratings: | Moody’s: Baa2
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| S&P: BBB+
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| Distribution: | Rule 144A and Regulation S
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| Price guidance: | Treasuries plus 115 bps area, plus or minus 5 bps; initial talk at Treasuries plus 140 bps area
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