Alliant Energy Corp. Files 8-K for Financial Obligations

TL;DR

Alliant Energy filed an 8-K on March 1, 2024, detailing new financial obligations.

AI Summary

On March 1, 2024, Alliant Energy Corp. entered into a Material Definitive Agreement related to a direct financial obligation. The filing details the company's financial commitments and obligations, as reported under the Securities Exchange Act of 1934.

Why It Matters

This filing provides insight into Alliant Energy's financial commitments and obligations, which can impact its creditworthiness and future investment strategies.

Risk Assessment

Risk Level: low — The filing is a standard disclosure of financial obligations and does not indicate any immediate or significant negative events.

Key Players & Entities

• ALLIANT ENERGY CORP (company) — Registrant
• March 1, 2024 (date) — Date of earliest event reported
• Wisconsin (location) — State of Incorporation
• Madison (location) — City of Principal Executive Offices
• 0000352541-24-000026 (filing_id) — Accession Number

FAQ

Key Financial Figures

• $0.01 — liant Energy Corporation, Common Stock, $0.01 Par Value , Trading Symbol LNT , Nasdaq
• $300 m — available under the Credit Agreement is $300 million, with a maturity on March 3, 2025
• $100 million — incremental term loan facility of up to $100 million. No lender has any obligation to provid

Filing Documents

• lnt-20240301.htm (8-K) — 23KB
• lnt030120248-kex101.htm (EX-10.1) — 780KB
• 0000352541-24-000026.txt ( ) — 1080KB
• lnt-20240301.xsd (EX-101.SCH) — 2KB
• lnt-20240301_def.xml (EX-101.DEF) — 14KB
• lnt-20240301_lab.xml (EX-101.LAB) — 25KB
• lnt-20240301_pre.xml (EX-101.PRE) — 15KB
• lnt-20240301_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On March 1, 2024, Alliant Energy Finance, LLC ("AEF"), a wholly-owned subsidiary of Alliant Energy Corporation ("Alliant Energy"), entered into a one-year amended and restated term loan credit agreement (the "Credit Agreement") with U.S. Bank National Association, as administrative agent, and the several lenders party thereto. The initial principal amount available under the Credit Agreement is $300 million, with a maturity on March 3, 2025. The Credit Agreement also provides for an incremental term loan facility of up to $100 million. No lender has any obligation to provide incremental term loans. Alliant Energy guaranteed payment and performance of AEF's obligations under the Credit Agreement. Advances under the Credit Agreement will be used to refinance existing indebtedness of AEF and for general corporate purposes. The Credit Agreement amends and restates the existing term loan credit agreement by and between AEF, Alliant Energy, U.S. Bank National Association, as administrative agent, and the several lenders party thereto. The Credit Agreement contains various covenants, including a requirement that Alliant Energy maintains a debt-to-capital ratio of not greater than 65% on a consolidated basis. The debt component of the debt-to-capital ratio includes, among others, long- and short-term debt (excluding non-recourse debt, operating lease obligations and hybrid securities to the extent the total carrying value of such hybrid securities does not exceed 15% of consolidated capital of Alliant Energy), financing lease obligations, certain letters of credit, guarantees of the foregoing and synthetic leases. The equity component of the debt-to-capital ratio excludes accumulated other comprehensive income (loss). The Credit Agreement contains a covenant that prohibits placing liens on any of the property of AEF, Alliant Energy or its subsidiaries with certain exceptions. Exceptions include among others, liens

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amended and Restated Credit Agreement, dated as of March 1, 2024, among Alliant Energy Finance, LLC, Alliant Energy Corporation, U.S. Bank National Association and the lender parties set forth therein. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Alliant Energy Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ALLIANT ENERGY CORPORATION Date: March 5, 2024 By: /s/ Robert J. Durian Robert J. Durian Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR