By Cristal Cody
Tupelo, Miss., June 6 – Alliant Energy Finance LLC priced $700 million of senior notes (BBB+) in two tranches on Wednesday on the tight side of guidance, a market source said.
The company sold $400 million of 3.75% five-year notes with a spread of Treasuries plus 95 basis points. The notes were talked in the Treasuries plus 100 bps area, plus or minus 5 bps.
Alliant Energy Finance placed $300 million of 4.25% 10-year notes at a Treasuries plus 130 bps spread, tighter than guidance in the 135 bps over Treasuries area.
BofA Merrill Lynch, J.P. Morgan Securities LLC and Mizuho Securities USA LLC were the bookrunners.
The notes are guaranteed by Alliant Energy Corp.
Alliant Energy Finance is a financing arm of the Madison, Wis.-based utility holding company.
| Issuer: | Alliant Energy Finance LLC
|
| Guarantor: | Alliant Energy Corp.
|
| Amount: | $700 million
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, J.P. Morgan Securities LLC and Mizuho Securities USA LLC
|
| Trade date: | June 6
|
| Rating: | S&P: BBB+
|
|
|
| Five-year notes
|
| Amount: | $400 million
|
| Description: | Fixed-rate notes
|
| Maturity: | June 15, 2023
|
| Coupon: | 3.75%
|
| Spread: | Treasuries plus 95 bps
|
| Price guidance: | Treasuries plus 100 bps area, plus or minus 5 bps
|
|
|
| 10-year notes
|
| Amount: | $300 million
|
| Description: | Fixed-rate notes
|
| Maturity: | June 15, 2028
|
| Coupon: | 4.25%
|
| Spread: | Treasuries plus 130 bps
|
| Price guidance: | Treasuries plus 135 bps area, plus or minus 5 bps
|
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