Wisconsin Power and Light offers green fixed-rate debentures

By Marisa Wong

Los Angeles, March 4 – Wisconsin Power and Light Co. is offering fixed-rate debentures, according to a 424B5 filing with the Securities and Exchange Commission.

The debentures will feature an optional make-whole call, followed by an optional par call.

BofA Securities, Inc., Mizuho Securities USA LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC are the joint bookrunners.

Siebert Williams Shank & Co., LLC and U.S. Bancorp Investments, Inc. will act as co-managers.

U.S. Bank Trust Co., NA is the trustee.

Perkins Coie LLP will act as counsel for the issuer. Gibson, Dunn & Crutcher LLP will act as counsel for the underwriters.

An amount equal to or more than the net proceeds from this offering will be or has been used for the development and acquisition of eligible green projects. Pending the allocations or disbursements for eligible green projects, proceeds from the new debentures may be used to reduce commercial paper borrowings or temporarily placed in short-term investments.

The public utility is based in Madison, Wis.

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