01—Abstract
Summary
Summary of the 8-K filed March 4, 2026. Cited figures are marked; the original filing is the authoritative source.
On March 2, 2026, Alliant Energy Corporation entered into a term loan credit agreement with U.S. Bank National Association as Administrative Agent and a group of lenders.
The agreement provides for a $400 milliona term loan facility, plus an incremental term loan facility of up to $100 million for which no lender has any obligation to provide funding. Borrowings may be used for general corporate purposes, including working capital, interim funding of capital expenditures, and refinancing of other indebtedness. The facility matures on March 1, 2027.
The credit agreement includes a maximum debt-to-capital ratio of 65% on a consolidated basis, a negative pledge restricting liens on company and subsidiary property subject to specified exceptions (including liens securing obligations up to 10% of consolidated tangible assets and additional non-recourse debt up to $100 millionb outstanding at any one time), and customary events of default. A cross-default provision applies if the company or certain subsidiaries default on debt (other than nonrecourse debt) totaling $100 million or more, and obligations become immediately due upon an order for relief under bankruptcy laws. The full terms are set out in the credit agreement, filed as Exhibit 10.1, which the filing incorporates by reference.
02—Key points
Key Highlights
- Alliant Energy entered into a $400 million term loan credit agreement on March 2, 2026, with U.S. Bank National Association as Administrative Agent.
- An additional incremental term loan facility of up to $100 million is available, but no lender is obligated to provide it.
- Proceeds may be used for general corporate purposes, including working capital, interim capex funding, and refinancing other indebtedness.
- The facility matures on March 1, 2027.
- Financial covenant requires a consolidated debt-to-capital ratio of no greater than 65%, with specified treatment of hybrid securities and operating leases and exclusion of accumulated other comprehensive income from equity.
- Cross-default triggers at $100 million or more of debt defaults (excluding nonrecourse debt), and an order for relief under bankruptcy laws makes obligations immediately due.
- The filing also includes a negative pledge with exceptions, including liens securing up to 10% of consolidated tangible assets and up to $100 million of additional non-recourse debt.
03—Questions
Frequently Asked Questions
How much financing did Alliant Energy secure under this agreement?
The credit agreement provides a $400 million term loan facility, with an additional incremental term loan facility of up to $100 million available at the lenders' discretion.
When does the term loan facility mature?
The credit facility matures on March 1, 2027.
What can the borrowed funds be used for?
The company may use borrowings for general corporate purposes, including working capital, interim funding of capital expenditures, and refinancing of other indebtedness.
What financial covenants apply to the company under the agreement?
The company must maintain a consolidated debt-to-capital ratio of not greater than 65%. The debt component excludes non-recourse debt of subsidiaries and hybrid securities up to 15% of consolidated capital, and the equity component excludes accumulated other comprehensive income (loss).
What events could cause the loan to become immediately due?
Lenders may accelerate obligations upon an uncured event of default. A cross-default applies if the company or certain subsidiaries default on debt (other than nonrecourse debt) totaling $100 million or more. An order for relief under bankruptcy laws also makes outstanding obligations immediately due and payable.
04—Continue