Alliant Energy Corp. (NASDAQ:LNT) announced Monday that it has entered into a $400 million term loan credit agreement with U.S. Bank National Association serving as administrative agent, according to a statement in a Securities and Exchange Commission filing. The new facility comes as the $18.6 billion utility company maintains a total debt-to-capital ratio of 40%, with a current ratio of 0.8. The agreement also provides for an incremental term loan facility of up to $100 million, though lenders are not obligated to provide these additional funds.

The company stated that proceeds from the credit facility may be used for general corporate purposes, including working capital, interim funding of capital expenditures, and refinancing existing debt. The facility is scheduled to mature on March 1, 2027.

Under the terms of the agreement, Alliant Energy is required to maintain a consolidated debt-to-capital ratio not greater than 65%. The calculation of this ratio includes both long- and short-term debt, with certain exclusions such as non-recourse subsidiary debt and hybrid securities up to 15% of consolidated capital, as well as operating lease obligations. The equity component of the ratio excludes accumulated other comprehensive income or loss.

The agreement restricts the placing of liens on company property, with exceptions for specific cases including liens securing obligations up to 10% of consolidated tangible assets, liens imposed by government entities, materialmen’s and similar liens, judgment liens, additional non-recourse debt up to $100 million, and purchase money liens.

The credit agreement includes standard events of default, such as a cross-default provision. If Alliant Energy or certain subsidiaries default on debt totaling $100 million or more, or if bankruptcy proceedings are initiated, outstanding obligations under the agreement may be declared immediately due and payable.

This information is based on a press release statement included in Alliant Energy’s recent SEC filing.

In other recent news, Alliant Energy reported robust financial results for the fourth quarter of 2025. The company delivered an earnings per share (EPS) of $0.60, surpassing analyst expectations of $0.5714, marking a 5.01% positive earnings surprise. Additionally, Alliant Energy reported revenue of $1.06 billion, which exceeded forecasts by 16%. Following these results, Wolfe Research raised its price target for Alliant Energy to $78, maintaining an Outperform rating due to a positive growth outlook. Mizuho also adjusted its price target for the company, increasing it to $73 from $70, while maintaining a Neutral rating. Alliant Energy’s 2025 earnings per share were reported at $3.22, slightly above the Street estimates of $3.21. The earnings were attributed to higher revenue requirements from an increasing rate base and favorable weather, though offset by increased operational costs. The company reaffirmed its 2026 guidance and maintained a projected earnings per share compound annual growth rate of more than 7% for the 2027-2029 period.

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