0001193125-19-174810.txt : 20190617 0001193125-19-174810.hdr.sgml : 20190617 20190617164002 ACCESSION NUMBER: 0001193125-19-174810 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190617 DATE AS OF CHANGE: 20190617 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WISCONSIN POWER & LIGHT CO CENTRAL INDEX KEY: 0000107832 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 390714890 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-222076-01 FILM NUMBER: 19901779 BUSINESS ADDRESS: STREET 1: 4902 NORTH BILTMORE LANE STREET 2: SUITE 1000 CITY: MADISON STATE: WI ZIP: 53718-2148 BUSINESS PHONE: 608-458-3311 MAIL ADDRESS: STREET 1: 4902 N BILTMORE LANE STREET 2: SUITE 1000 CITY: MADISON STATE: WI ZIP: 53718-2148 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WISCONSIN POWER & LIGHT CO CENTRAL INDEX KEY: 0000107832 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 390714890 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 4902 NORTH BILTMORE LANE STREET 2: SUITE 1000 CITY: MADISON STATE: WI ZIP: 53718-2148 BUSINESS PHONE: 608-458-3311 MAIL ADDRESS: STREET 1: 4902 N BILTMORE LANE STREET 2: SUITE 1000 CITY: MADISON STATE: WI ZIP: 53718-2148 FWP 1 d758383dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Dated June 17, 2019

Registration Statement No. 333-222076-01

WISCONSIN POWER AND LIGHT COMPANY

Final Term Sheet

Dated June 17, 2019

 

Issuer:

    Wisconsin Power and Light Company (the “Company”)

Size:

    $350,000,000

Security Type:

    Debentures

Maturity Date:

    July 1, 2029

Interest Payment Dates:

    January 1 and July 1, commencing January 1, 2020

Coupon:

    3.000%

Price to Public:

    99.708%

Yield to Maturity:

    3.034%

Benchmark Treasury:

    2.375% due May 15, 2029

Benchmark Treasury Yield:

    2.084%

Spread to Benchmark Treasury:

    +95 bps

Optional Redemption—Reinvestment Rate:

    Make-whole call at T+15 bps

Optional Redemption at Par:

    On or after April 1, 2029

Trade Date:

    June 17, 2019

Settlement Date:

    June 24, 2019 (T+5)

CUSIP:

    976826 BM8

ISIN:

    US976826BM89

Anticipated Ratings*:

    A2/A (Moody’s/ S&P)

Joint Book-Running Managers:

   

Barclays Capital Inc.

Mizuho Securities USA LLC

MUFG Securities Americas Inc.

Wells Fargo Securities, LLC

Co-Managers:

   

KeyBanc Capital Markets Inc.

U.S. Bancorp Investments, Inc.

The Williams Capital Group, L.P.

* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

It is expected that delivery of the Debentures will be made against payment therefor on or about June 24, 2019, which will be the fifth business day following the date of pricing of the Debentures. Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, by virtue of the fact that the Debentures initially will settle in T+5, purchasers who wish to trade the Debentures on the date of pricing of the Debentures or on the two succeeding business days should specify an extended settlement cycle at the time they enter into any such trade to prevent failed settlement and should consult their own advisors.

The issuer has filed a registration statement (including a prospectus) with the Securities & Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents that the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, you may request a copy of these documents by calling Barclays Capital Inc. toll-free at (888) 603-5847, Mizuho Securities USA LLC toll free at (866) 271-7403, MUFG Securities Americas Inc. toll-free at 1-877-649-6848 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.

Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers and other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.