Alliant Energy Corporation has announced its plans to offer $500 million in convertible senior notes due 2028. The proceeds from this offering are intended for the repayment or refinancing of existing debt, reduction of outstanding commercial paper, or other general corporate purposes. The convertible notes will be senior unsecured obligations, and holders can convert them under certain conditions. Alliant Energy will handle conversions by paying cash up to the principal amount and, for any excess, may use cash, common stock, or a combination of both. Interest will be paid semiannually. The terms of the notes, including interest rate and conversion rate, will be finalized through negotiations with initial purchasers.
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