By Cristal Cody
Chicago, Nov. 8 – Alliant Energy Finance LLC detailed the sale of $300 million of senior notes due March 30, 2029 from Tuesday, according to a market source.
The notes priced at Treasuries plus 147 basis points. Initial talk had them coming in the 170 bps to 175 bps area.
The Rule 144A and Regulation S notes are guaranteed by Alliant Energy Corp.
Barclays, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and MUFG Securities Americas Inc. were the bookrunners.
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: | $300 million
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Issue: | Senior notes
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Maturity: | March 30, 2029
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Bookrunners: | Barclays, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and MUFG Securities Americas Inc.
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Coupon: | 5.95%
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Spread: | Treasuries plus 147 bps
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Trade date: | Nov. 7
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Settlement date: | Nov. 10
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Distribution: | Rule 144A and Regulation S
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Price talk: | Treasuries plus 170 bps to 175 bps area
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