AI English summary of an SEC filing — figures as filed
Alliant Energy LNTThe company completed the sale of $575 million aggregate principal amount of 3.250% Convertible Senior Notes due 2028 on May 15, 2025. The amount includes the full exercise of the $75 million option to purchase additional notes granted to the initial purchasers.
Key points
AI summaryThe company completed the sale of $575 million aggregate principal amount of 3.250% Convertible Senior Notes due 2028 on May 15, 2025. The amount includes the full exercise of the $75 million option to purchase additional notes granted to the initial purchasers.
Alliant Energy said the notes carry a fixed interest rate of 3.250% per year, payable semiannually in arrears on May 30 and November 30 of each year, beginning on November 30, 2025. It said the notes are senior unsecured obligations and will mature on May 30, 2028.
The company said the initial conversion rate is 13.1773 shares of common stock per $1,000 principal amount of notes, equal to an initial conversion price of about $75.89. It said the conversion price represents a premium of about 27.5% over the last reported sale price on the Nasdaq Global Select Market on May 12, 2025. The company will settle conversions by paying cash up to the principal amount of the notes being converted. It will pay or deliver cash, shares of common stock, or a combination of both, at its election, for any conversion value above that principal amount.
The company said it plans to use the net proceeds to repay or refinance debt, reduce outstanding commercial paper or for general corporate purposes. It also said the maximum number of shares of common stock issuable upon conversion of the notes is 9,660,575.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
$575 million 3.250% Convertible Senior Notes due 2028 Priced
The company completed the sale of $575 million aggregate principal amount of 3.250% Convertible Senior Notes due 2028 on May 15, 2025. The amount includes the full exercise of the $75 million option to purchase additional notes granted to the initial purchasers.
Source · Based on the filing body and exhibits
3.250% Fixed-Rate Notes Maturing May 30, 2028
Alliant Energy said the notes carry a fixed interest rate of 3.250% per year, payable semiannually in arrears on May 30 and November 30 of each year, beginning on November 30, 2025. It said the notes are senior unsecured obligations and will mature on May 30, 2028.
Source · Based on the filing body and exhibits
Initial Conversion Price About $75.89; Conversion and Settlement Terms
The company said the initial conversion rate is 13.1773 shares of common stock per $1,000 principal amount of notes, equal to an initial conversion price of about $75.89. It said the conversion price represents a premium of about 27.5% over the last reported sale price on the Nasdaq Global Select Market on May 12, 2025. The company will settle conversions by paying cash up to the principal amount of the notes being converted. It will pay or deliver cash, shares of common stock, or a combination of both, at its election, for any conversion value above that principal amount.
Source · Based on the filing body and exhibits
Use of Net Proceeds and Maximum Conversion Shares
The company said it plans to use the net proceeds to repay or refinance debt, reduce outstanding commercial paper or for general corporate purposes. It also said the maximum number of shares of common stock issuable upon conversion of the notes is 9,660,575.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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