Alliant Energy signs equity distribution agreement for up to USD 1 billion common stock offering

Reuters
Mar 20
Alliant Energy signs equity distribution agreement for up to USD 1 billion common stock offering
  • Alliant Energy entered into a distribution agreement with multiple banks to sell up to USD 1 billion of common stock from time to time.
  • Sales may be made through agents on the Nasdaq Global Select Market at market prices, including block trades or other agreed transactions.
  • Forward sale transactions may also be executed, with forward purchasers selling borrowed shares to hedge the related forward confirmations.
  • Net proceeds are intended for general corporate purposes, including debt repayment and working capital.
  • Alliant expects to receive proceeds upon future physical settlement of any forward confirmations, rather than at the time of borrowed share sales.


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