Alliant Energy Launches $1.3 Billion At-the-Market Equity Program

Alliant Energy has entered into a distribution agreement enabling the sale of up to $1.3 billion in common stock through multiple financial institutions acting as sales agents and forward purchasers. The shares may be sold via standard market transactions, block trades, or other negotiated methods. Alongside direct issuances, the company may also engage in forward sale agreements, where forward purchasers will initially sell borrowed shares to hedge future settlement obligations.

Proceeds from the offering are intended for general corporate purposes, such as debt repayment, capital expenditures, and working capital. Alliant will not receive immediate funds from forward sales but expects proceeds upon the physical settlement of those agreements. The company also reserves the right to sell shares directly to agents acting as principals under separate terms.

Participating financial institutions are also involved in Alliant's existing credit facilities, potentially receiving additional fees for related services.