Alliant Energy Corporation announced that its wholly-owned subsidiary, Alliant Energy Finance, LLC, has entered into a one-year second amended and restated term loan credit agreement with U.S. Bank National Association and multiple lenders. The agreement provides an initial principal amount of $300 million, with an option for an additional $100 million, though lenders are not obligated to provide the incremental funds. The loan matures on March 2, 2026.

The credit facility will be used to refinance existing debt and for general corporate purposes. Alliant Energy has guaranteed the obligations of its subsidiary under the agreement.

Key covenants include maintaining a debt-to-capital ratio not exceeding 65% and restrictions on placing liens on company property, with certain exceptions. Additionally, any asset sales exceeding 25% of Alliant Energy’s consolidated assets, with some exclusions, must be used to reduce certain debt commitments.

The agreement includes a cross-default provision that would be triggered if Alliant Energy or its domestic subsidiaries default on debt of $100 million or more. In the case of an event of default, lenders may demand immediate repayment of outstanding obligations.

This agreement amends and restates an existing credit agreement with the same administrative agent and lenders.