Interstate Power and Light Company, a subsidiary of Alliant Energy Corporation, has announced the pricing of a $600 million public offering of senior debentures with an interest rate of 5.600% due in 2035. The company plans to utilize the net proceeds from this offering to retire existing senior debentures totaling $300 million, maturing in July and August 2025. Additionally, the funds will be used to reduce outstanding capital under its receivables purchase and sale program, decrease commercial paper, and for general corporate purposes. The offering, managed by a consortium of underwriters, is expected to close on May 19, 2025, subject to customary conditions.
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