Alliant Energy ticks up after $500 million convertible bond offering priced

Alliant Energy

13/05/2025 15:34

** Shares of utility firm Alliant Energy LNT.O rise 0.2% to $59.62 in morning trading

** LNT late Monday priced its $500 million offering of convertible bonds due 2028 in a private placement

** Stock closed down 3.6% at $59.52 on Monday after LNT unveiled the $500 million convertible bond offering

** LNT intends to use the proceeds for repayment or refinancing of debt and other purposes

** Initial conversion price of $75.89 represents 27.5% premium to stock's last close

** 4 of 14 brokerages rate the stock "buy" or higher, 9 "hold" and 1 "sell"; median PT $67 - data compiled by LSEG

** As of last close, LNT stock up 0.6% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))