| Item 1.01 |
Entry into a Material Definitive Agreement. |
On March 19, 2026, Alliant Energy Corporation (the “Company”), entered into a distribution agreement (the “Distribution Agreement”) with Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC, and Wells Fargo Securities, LLC, as agents (the “Agents” and each, an “Agent”), and Barclays Bank PLC, Bank of America, N.A., Goldman Sachs & Co. LLC, JPMorgan Chase Bank, National Association, KeyBanc Capital Markets Inc., Mizuho Markets Americas LLC, MUFG Securities EMEA plc, The Toronto-Dominion Bank and Wells Fargo Bank, National Association, as forward purchasers (collectively, the “Forward Purchasers” and each, a “Forward Purchaser”). Pursuant to the terms of the Distribution Agreement, the Company may sell from time to time through any Agent, as the Company’s sales agent, shares of the Company’s common stock, par value $0.01 per share, having an aggregate offering price of up to $1,000,000,000 (the “Shares”). Sales of the Shares, if any, will be made by means of ordinary brokers’ transactions on the Nasdaq Global Select Market at market prices, in block transactions or as otherwise agreed by the Company and the Agents.
In addition to the issuance and sale of Shares by the Company through the Agents, the Company also may enter into forward confirmations (the “Forward Confirmations” and each, a “Forward Confirmation”) with any of the Forward Purchasers. In connection with each Forward Confirmation, the relevant Forward Purchaser will, at the Company’s request, borrow from third parties and, through such Forward Purchaser’s relevant Agent, acting as a forward seller, sell a number of Shares equal to the number of Shares that underlie the Forward Confirmation to hedge the Forward Confirmation.
The Company intends to use the net proceeds from the sales of the Shares, after deducting the Agents’ commission and offering expenses, for general corporate purposes, which may include repayment, refinancing, repurchase or redemption of debt, working capital, construction and acquisition expenditures and investments. The Company will not initially receive any proceeds from the sale of borrowed Shares by an Agent, acting as a forward seller. The Company expects to receive proceeds from the sale of Shares upon future physical settlement of the relevant Forward Confirmation with the relevant Forward Purchaser on dates specified by the Company on or prior to the maturity date of the relevant Forward Confirmation.
Under the terms of the Agreement, the Company may also sell Shares from time to time to any Agent as principal for its own account at a price to be agreed upon at the time of sale. Any sale of Shares to an Agent as principal would be pursuant to the terms of a separate terms agreement between the Company and such Agent.
The Shares will be issued pursuant to the Company’s Registration Statement on Form S-3 (Registration No. 333-276062). The Company filed a prospectus supplement, dated March 19, 2026, with the Securities and Exchange Commission in connection with the offer and sale of the Shares. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
The Agents and their respective affiliates have provided, and may in the future provide, a variety of financial and non-financial services to the issuer and to persons and entities with relationships with the issuer, for which they received or will receive customary fees and expenses. In particular, an affiliate of each of Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC, and Wells Fargo Securities, LLC is a lender under the Company’s revolving credit facility.
