Wisconsin Power and Light Prices Public Offering of 3.05% Debentures Due 2027 for USD300 Million

Published: Oct 02 2017
Deal Summary

Wisconsin Power and Light Company, a power generation and distribution company, priced its public offering of 3.05% debentures due October 15, 2027, for gross proceeds of USD300 million. Interest on debentures will be paid on April 15 and October 15 every year, commencing April 15, 2018. The company will receive net proceeds of approximately USD297.2 million.

Goldman Sachs & Co. LLC., J.P. Morgan Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, are acting as joint book-running managers. MUFG Securities Americas Inc., U.S. Bancorp Investments, Inc. and The Williams Capital Group, L.P., acting as co-managers to the company for the offering.

The company intends to use the proceeds from the offering to reduce commercial paper and for general corporate purposes.

The transaction is expected to complete on October 10, 2017.

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