Preferred Stock Offering

Energy
Preferred Stock Offering

Summary

Baird served as a joint book-running manager on this offering

About

Interstate Power and Light Company (“IPL”), a subsidiary of Alliant Energy Corporation (NYSE: LNT) (“Alliant”), recently completed an offering of 8,000,000 shares of its 5.1% Series D Cumulative Perpetual Preferred Stock at a price of $25.00 per share, generating gross proceeds of $200 million. IPL plans to use the net proceeds from the offering to redeem IPL’s existing 8.375% Series B Cumulative Preferred Stock, to fund capital expenditures and for other general corporate purposes.

IPL operates as a regulated utility company in Iowa and Southern Minnesota. IPL engages in the generation and distribution of electricity and the distribution and transportation of natural gas, as well as the generation and distribution of steam. IPL is headquartered in Cedar Rapids, Iowa.

For additional information about this transaction, please contact:

John Lanza (414) 298-7669
Dick Waid (404) 264-2210
Brian Cole (414) 298-1702
Peter Kies (414) 765-7262
Pat Lawton (414) 298-7764
Energy
Preferred Stock Offering
Date
March 2013
Company
Interstate Power and Light Company
Transaction
M&A
Sectors
Energy
Target Location
North America

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