Alliant Energy Corporation Announces Completion of Debt Offering

• Press Release
• Source: Alliant Energy Corporation
• On 10:28 am EDT, Friday October 2, 2009

MADISON, Wis., Oct. 2 /PRNewswire-FirstCall/ -- Alliant Energy Corporation (NYSE: LNT - News) announced today that it has completed its previously announced public offering of $250 million aggregate principal amount of senior notes. The senior notes have an interest rate of 4.00% and will be due on October 15, 2014.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020405/LNTLOGO)

Alliant Energy Corporation received approximately $247.3 million of net proceeds from the offering after deducting underwriting commissions and expenses of the offering. Alliant Energy Corporation used approximately $170 million of the net proceeds from the offering to repay borrowings under its term loan agreement that it incurred to finance a portion of its tender offer for the Exchangeable Senior Notes due 2030 and intends to use the remainder of the net proceeds for general corporate purposes.

The offering was marketed through Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. as joint book-running managers.

Alliant Energy is the parent company of two public utility companies - Interstate Power and Light Company and Wisconsin Power and Light Company - and of Alliant Energy Resources, LLC, the parent company of Alliant Energy's non-regulated operations. Alliant Energy is an energy-services provider with subsidiaries serving approximately 1 million electric and 400,000 natural gas customers. Providing its customers in the Midwest with regulated electricity and natural gas service is the company's primary focus. Alliant Energy, headquartered in Madison, Wis., is a Fortune 1000 company traded on the New York Stock Exchange under the symbol LNT.

Buzz up!