The company said Alliant Energy Finance, LLC, a wholly owned subsidiary, entered into a 1-year amended and restated term loan credit agreement with U.S. Bank National Association as administrative agent. The initial principal amount available is $300 million, and the facility matures on March 3, 2025. It said the agreement was entered into on March 1, 2024.

1. 01

   The company said Alliant Energy Finance, LLC, a wholly owned subsidiary, entered into a 1-year amended and restated term loan credit agreement with U.S. Bank National Association as administrative agent. The initial principal amount available is $300 million, and the facility matures on March 3, 2025. It said the agreement was entered into on March 1, 2024.

2. 02

   The company said the agreement includes an incremental term loan facility of up to $100 million, but no lender is obligated to provide incremental term loans. It said the borrowings will be used to refinance AEF's existing debt and for general corporate purposes, and that Alliant Energy guaranteed AEF's obligations under the agreement.

3. 03

   The company said the agreement requires Alliant Energy to maintain a consolidated debt-to-capital ratio of not greater than 65%. It also includes a covenant that prohibits liens on the property of AEF, Alliant Energy and its subsidiaries, subject to certain exceptions, including liens securing obligations of up to 10% of Alliant Energy's consolidated assets.

4. 04

   The company said the agreement requires that, during its term, proceeds from asset sales in excess of 25% of Alliant Energy's consolidated assets, after certain exclusions, be used to reduce certain debt commitments. The cross-default provision is triggered if Alliant Energy or its domestic subsidiaries default on debt, other than non-recourse debt, totaling $100 million or more.

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Original filing

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