BREAKING: Confirmed — $LNT signs a $400M term loan with U.S.
Filed with the SEC on · Summarized by InvestorsBot
BREAKING: Confirmed — $LNT signs a $400M term loan with U.S. Bank; $100M incremental option (no lender obligation). Facility matures 03/01/2027. 💥💸 #Alliant #LNT #Breaking #Energy
ALERT: Provides near‑term liquidity for Alliant but raises refinancing risk — covenant caps debt-to-capital ≤65% and a $100M cross-default can trigger acceleration. Watch credit costs & leverage. 🔎 $LNT #CreditRisk #FinTwit #Utilities
Key details: Borrowings may fund working capital, interim capex & refinance. Liens generally prohibited with exceptions (≤10% assets, gov liens, non‑recourse carveouts). U.S. Bank as administrative agent. ⚖️ #Debt #LNT #Alliant #News
What shareholders should watch: maturity 3/1/2027 = near-term refinancing need; equity component excludes AOCI; cross-default threshold could force rapid repayment on other big defaults. 📅 $LNT #Investing #Risk #Utilities