Madison utility prices debt offering
Wisconsin Power and Light Co., a subsidiary of Alliant Energy Corp., said Thursday it has priced a public offering of $150 million in debentures.
The debentures have an interest rate of 4.6 percent and will be due on June 15, 2020.
The Madison-based utility said it intends to apply the approximately $148.5 million in net proceeds from this offering initially to repay short-term debt, including that incurred to finance equipment purchases and construction expenditures on an interim basis. The net proceeds also will be used to invest in short-term assets and, thereafter, to fund capital expenditures principally consisting of wind farm and pollution control equipment, and for general working capital purposes no teletrek payday advance.
The offering was marketed through a group of underwriters, including RBS Securities Inc., UBS Securities LLC, Barclays Capital Inc., J.P. Morgan Securities Inc. and KeyBanc Capital Markets Inc. as joint book-running managers.