Convertibles Calendar: Alliant Energy, TPI Composites on tap

Feb. 27

ALLIANT ENERGY CORP.

• $500 million three-year convertible notes (BBB+)

• $75 million greenshoe

• Coupon of 3.375% to 3.875% and initial conversion premium of 25% to 30%

• Non-callable

• Rule 144A

• J.P. Morgan Securities LLC, BofA Securities Inc. and Goldman Sachs & Co. LLC

• Proceeds for general corporate purposes, which may include the repayment or refinancing of debt, acquisition expenditures, investments and repurchases or redemptions of securities

• Madison, Wis.-based public utility holding company

Feb. 28

TPI COMPOSITES INC.

• $100 million five-year convertible notes

• $15 million greenshoe

• Coupon of 5% to 5.5% and initial conversion premium of 27.5% to 32.5%

• Non-callable until March 20, 2026 and then subject to a 130% hurdle

• Rule 144A

• Morgan Stanley & Co. LLC

• Proceeds to cover the cost of the call spread, to fund eligible green projects and for general corporate purposes, which may include the repayment of debt

• Scottsdale, Ariz.-based wind-blade manufacturer

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