Exhibit 99.1
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News Release | | |
FOR IMMEDIATE RELEASE | | Media Contact: Scott Reigstad (608)458-3145 |
| | Investor Relations: Susan Gille (608)458-3956 |
Alliant Energy Corporation Announces Public Offering of $326 Million of Shares of Common Stock
MADISON, Wisconsin – December 13, 2018 – Alliant Energy Corporation (NYSE: LNT) announced today that it plans to make a public offering of $326 million of shares of its common stock. At Alliant Energy’s request, the forward counterparties (as defined below) expect to borrow and sell the shares to the underwriters in the offering in connection with the forward sale agreements described below. In conjunction with the offering, Alliant Energy intends to grant to the underwriters an option to purchase up to $48.9 million of additional shares of Alliant Energy’s common stock. If such option is exercised, Alliant Energy may, in its sole discretion, enter into additional forward sale agreements with the forward counterparties with respect to such additional shares, and Alliant Energy currently expects that, if such option is exercised, it will do so
Goldman Sachs & Co. LLC and BofA Merrill Lynch are acting as underwriters for the offering and propose to offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in theover-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
In connection with the offering, Alliant Energy intends to enter into forward sale agreements with each of Goldman Sachs & Co. LLC and Bank of America N.A., referred to in such capacity as the forward counterparties, pursuant to which Alliant Energy will agree to sell to the forward counterparties or their respective affiliates (subject to its right to elect net share or cash settlement of such forward sale agreement) approximately $326 million of shares of common stock in this offering (or $374.9 million of shares if the underwriters’ option to purchase additional shares is exercised in full), less the underwriting discounts and commissions and subject to certain adjustments.
Alliant Energy intends to use any net proceeds received upon the settlement of the forward sale agreements for general corporate purposes, which may include repayment or refinancing of debt, working capital, construction and acquisition expenditures, investments and repurchases and redemptions of securities.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make an offer, solicitation or sale in such jurisdiction. The public offering is being made pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission, or SEC. A preliminary prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC’s website athttp://www.sec.gov. In addition, copies of the prospectus and preliminary prospectus supplement relating to the shares of common stock offered in the offering may be obtained when available by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at1-866-471-2526, or bye-mail atprospectus-ny@ny.email.gs.com; or BofA Merrill Lynch, Attention: Prospectus Department,NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, by telephone at1-800-294-1322, or bye-mail at dg.prospectus_requests@baml.com.