Press release
Alliant Energy Corporation Announces Public Offering of $195.6 Million of Shares of Common Stock
MADISON, Wis., Nov. 14, 2019 /PRNewswire/ -- Alliant Energy Corporation (NASDAQ: LNT) announced today that it plans to make a public offering of $195.6
About this update from Alliant Energy Corporation
[{"type":"text","content":"MADISON, Wis., Nov. 14, 2019 /PRNewswire/ -- Alliant Energy Corporation (NASDAQ: LNT) announced today that it plans to make a public offering of $195.6 million of shares of its common stock. At Alliant Energy's request, Barclays Bank PLC, acting as the forward counterparty, expects to borrow and sell the shares to the underwriter in the offering in connection with the forward sale agreement described below. In conjunction with the offering, Alliant Energy intends to grant to the underwriter an option to purchase up to $29.3 million of additional shares of Alliant Energy's common stock. If such option is exercised, Alliant Energy may, in its sole discretion, enter into an additional forward sale agreement with the forward counterparty with respect to such additional shares, and Alliant Energy currently expects that, if such option is exercised, it will do so.\n\n \nBarclays Capital Inc. is acting as the underwriter for the offering and proposes to offer the shares of common stock from time to time for sale in one or more transactions on the Nasdaq Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. \nIn connection with the offering, Alliant Energy intends to enter into a forward sale agreement with Barclays Bank PLC, referred to in such capacity as the forward counterparty, pursuant to which Alliant Energy will agree to sell to the forward counterparty or its affiliates (subject to its right to elect net share or cash settlement of such forward sale agreement) approximately $195.6 million of shares of common stock in this offering (or $224.9 million of shares if the underwriter's option to purchase additional shares is exercised in full), less the underwriting discounts and commissions and subject to certain adjustments. \nAlliant Energy intends to use any net proceeds received upon the settlement of the forward sale agreement for general corporate purposes, which may include repayment or refinancing of debt, working capital, construction and acquisition expenditures, investments and repurchases and redemptions of securities.\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any pers...