MADISON, Wis., Nov. 14, 2012 /PRNewswire/ -- Wisconsin
Power and Light Company ("WPL"), a subsidiary of Alliant Energy
Corporation (NYSE: LNT), has priced a public offering of
$250,000,000 aggregate principal
amount of debentures. The debentures have an interest rate of
2.25% and will be due on November 15,
2022.
(Logo: http://photos.prnewswire.com/prnh/20020405/LNTLOGO)
WPL intends to apply the approximately $247.1 million in net proceeds from this offering
to fund a portion of the purchase price of the Riverside Energy
Center on or before December 31,
2012. The remainder of the purchase price is expected to be
funded by an equity contribution of approximately $100 million from WPL's parent, Alliant Energy
Corporation, and approximately $50
million from the proceeds from WPL issuing commercial
paper. WPL may invest the net proceeds from this
offering in short-term, high-quality instruments pending the
funding of the Riverside Energy Center purchase.
The offering was marketed through a group of underwriters,
including Citigroup Global Markets Inc., Merrill Lynch, Pierce,
Fenner & Smith Incorporated and Mitsubishi UFJ Securities
(USA), Inc., as joint book-running
managers.
The offering is being made only by means of a prospectus
supplement and accompanying prospectus, which are part of an
automatic shelf registration statement WPL filed with the
Securities and Exchange Commission, copies of which may be obtained
from Citigroup Global Markets Inc. by calling 1-800-831-9146, from
Merrill Lynch, Pierce, Fenner & Smith by calling 1-800-294-1322
or from Mitsubishi UFJ Securities (USA), Inc. by calling 877-649-6848. An
electronic copy of the prospectus supplement and accompanying
prospectus will be available from the Securities and Exchange
Commission's website at www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor will there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Wisconsin Power and Light Company (WPL), based in
Madison, Wis., provides electric
service to approximately 459,000 customers and natural gas service
to approximately 180,000 customers in more than 600 communities
across central and southern Wisconsin. WPL is committed to
providing the energy and exceptional service its customers and
communities expect – safely, reliably, and affordably. WPL is
a subsidiary of Alliant Energy Corporation, for more information,
visit alliantenergy.com or call 1-800-ALLIANT
(800-255-4268).
SOURCE Wisconsin Power and Light Company