Deal Details
Debt Offering
Summary
Baird served as a co-manager on this offering.
About
Interstate Power and Light Company (“IPL” or the “Company”), a privately held, wholly-owned subsidiary of Alliant Energy Corporation (“Alliant”) (NYSE: LNT), recently completed an offering of $250.0 million aggregate principal amount of 3.25% senior notes due in 2024. IPL intends to use the net proceeds from the offering to reduce outstanding capital under its receivables purchase and sale program, reduce commercial paper and for general corporate purposes.IPL operates as a regulated utility company in Iowa and Southern Minnesota. IPL engages in the generation and distribution of electricity and the distribution and transportation of natural gas, as well as the generation and distribution of steam. IPL is headquartered in Cedar Rapids, Iowa.
Alliant Energy Corporation, a utility holding company, provides regulated electricity and natural gas services to residential, commercial, and industrial customers in the Midwest region of the United States. The company was founded in 1917 and is headquartered in Madison, Wisconsin.
For additional information about this transaction, please contact:
- Date
- November 2014
- Company
- Interstate Power and Light Company
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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