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Alliant Energy Corporation Announces Cash Tender Offer and Related Consent Solicitation for Its Exchangeable Senior Notes Due 2030.

Publication: Energy Weekly News
Publication Date: 02-OCT-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Alliant Energy Corporation (NYSE:LNT) announced that it has commenced a cash tender offer to purchase any and all of the outstanding Exchangeable Senior Notes due 2030 (the "Notes") (CUSIP Nos. 018803403, 018803205 and 018803304), as well as a related consent solicitation to proposals relating to the Notes and the indenture governing the Notes. The principal amount for each Note is $67.75. There are 5,940,640 Notes aggregating $402,500,040 principal amount outstanding. See "Accounting Charge Associated with Tender Offer" below for a discussion of the non-cash charge Alliant Energy Corporation will incur if the tender offer is consummated.

The tender offer will expire at 5:00 p.m., New York City time, on October 15, 2009, unless extended or earlier terminated by Alliant Energy Corporation (such time and date, as the same may be extended or earlier terminated, the "Expiration Date"). Holders who wish to receive the Total Consideration (as defined below) for the Notes must validly tender and not validly withdraw their Notes prior to 5:00 p.m., New York City time, on September 28, 2009, unless extended or earlier terminated by...

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