Alliant Energy Completes "At-the-Market" Equity Offering
MADISON, Wis., March 30, 2015 /PRNewswire/ -- Alliant Energy (NYSE: LNT) announced today that it has completed its "At-the-Market" equity offering program announced on March 4, 2015. The common shares were offered through J.P. Morgan Securities LLC, BofA Merrill Lynch, and Goldman, Sachs & Co., who acted as agents.
The company sold nearly 2.2 million shares of common stock at an average price of almost $62 per share, for total gross proceeds of approximately $135 million. As previously disclosed, Alliant Energy intends to use its Shareowner Direct Plan to reach the targeted equity issuance amount for 2015 of approximately $150 million.
Alliant Energy Corporation is an energy-services provider with subsidiaries serving approximately 1 million electric and over 420,000 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.
Forward-Looking Statements
This press release includes forward-looking statements, including the statement regarding the company's intent to use the Shareowner Direct Plan for further equity issuances in 2015. Such forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Actual results could be materially affected by market conditions, the price of Alliant Energy's common stock, changes to our financing plan, regulatory actions or legal actions. The forward-looking statements included herein are made as of the date hereof and, except as required by law, Alliant Energy undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances.
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SOURCE Alliant Energy Corporation
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