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Alliant Energy plans to issue up to $175M of common stock

Alliant Energy Corp. entered a distribution agreement for the potential sale of up to $175 million of common shares from time to time, according to a May 21 company filing.

The company plans to sell the shares through ordinary brokers' transactions on the NYSE at market prices in block transactions or as otherwise agreed by the company and Barclays Capital Inc., BNY Mellon Capital Markets LLC and J.P. Morgan Securities.

Alliant Energy intends to use the sale proceeds for general corporate purposes, including refinancing indebtedness, working capital, construction and acquisition expenditures, investments and repurchases and redemptions of securities.