0001193125-20-091047.txt : 20200330 0001193125-20-091047.hdr.sgml : 20200330 20200330165732 ACCESSION NUMBER: 0001193125-20-091047 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200330 DATE AS OF CHANGE: 20200330 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: 20757910 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 d889911dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Dated March 30, 2020

Registration Statement No. 333-222076-01

WISCONSIN POWER AND LIGHT COMPANY

Final Term Sheet

Dated March 30, 2020

 

Issuer:    Wisconsin Power and Light Company (the “Company”)
Security Type:    Debentures
Principal Amount:    $350,000,000
Maturity Date:    April 1, 2050
Benchmark Treasury:    2.375% due November 15, 2049
Benchmark Treasury Yield:    1.307%
Spread to Benchmark Treasury:    +235 bps
Yield to Maturity:    3.657%
Price to Public:    99.873% of the principal amount
Coupon:    3.650%
Interest Payment Dates:    April 1 and October 1, commencing October 1, 2020
Optional Redemption – Reinvestment Rate:    Prior to October 1, 2049, make-whole call at T+40 bps
Optional Redemption at Par:    On or after October 1, 2049
Trade Date:    March 30, 2020
Settlement Date:    April 2, 2020 (T+3)
CUSIP:    976826 BN6
ISIN:    US976826BN62
Denominations / Multiples:    $2,000 x $1,000
Anticipated Ratings*:    A3 / A (Moody’s/ S&P)
Joint Book-Running Managers:    BofA Securities, Inc.
J.P. Morgan Securities LLC
Wells Fargo Securities, LLC
Co-Managers:    KeyBanc Capital Markets Inc.
Siebert Williams Shank & Co., LLC
U.S. Bancorp Investments, Inc.

* 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 April 2, 2020, which will be the third 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+3, purchasers who wish to trade the Debentures on any date prior to the second business day before delivery 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 BofA Securities, Inc. toll free at 1-800-294-1322, J.P. Morgan Securities LLC collect at 1-212-834-4533, 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.