Interstate Power and Light Company $(IPL.NZ)$, a wholly owned subsidiary of Alliant Energy Corporation, has announced the pricing of its public offering of $600 million in senior debentures. The debentures carry an interest rate of 5.600% and are due on June 29, 2035. IPL plans to use the net proceeds to retire existing debt, reduce outstanding capital under its receivables purchase and sale program, decrease outstanding commercial paper, and for general corporate purposes. The offering is expected to close on May 19, 2025, subject to customary closing conditions. The full prospectus can be accessed at www.sec.gov.
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