Ameren Announces Pricing of Senior Notes due 2035
Ameren (NYSE: AEE) has announced the pricing of $750 million aggregate principal amount of 5.375% senior notes due 2035 at 99.822% of their principal amount. The transaction is expected to close on March 7, 2025. The company plans to use the net proceeds for general corporate purposes, including repaying a portion of its short-term debt.
The offering is being managed by joint book-running managers including Barclays Capital, J.P. Morgan Securities, Mizuho Securities USA, MUFG Securities Americas, and Wells Fargo Securities. Ameren serves 2.5 million electric customers and over 900,000 natural gas customers across a 64,000-square-mile area through its regulated utility subsidiaries Ameren Missouri and Ameren Illinois.
Ameren (NYSE: AEE) ha annunciato il prezzo di 750 milioni di dollari di importo principale aggregato di note senior al 5,375% in scadenza nel 2035 al 99,822% del loro importo principale. Si prevede che la transazione si chiuda il 7 marzo 2025. L'azienda intende utilizzare i proventi netti per scopi aziendali generali, inclusa la restituzione di una parte del suo debito a breve termine.
Offerta gestita da manager di book-running congiunti tra cui Barclays Capital, J.P. Morgan Securities, Mizuho Securities USA, MUFG Securities Americas e Wells Fargo Securities. Ameren serve 2,5 milioni di clienti elettrici e oltre 900.000 clienti di gas naturale in un'area di 64.000 miglia quadrate attraverso le sue sussidiarie di utilità regolamentate Ameren Missouri e Ameren Illinois.
Ameren (NYSE: AEE) ha anunciado el precio de 750 millones de dólares de monto principal agregado de bonos senior al 5.375% con vencimiento en 2035 al 99.822% de su monto principal. Se espera que la transacción se cierre el 7 de marzo de 2025. La compañía planea utilizar los ingresos netos para fines corporativos generales, incluyendo el pago de una parte de su deuda a corto plazo.
La oferta está siendo gestionada por gerentes conjuntos de book-running, incluyendo Barclays Capital, J.P. Morgan Securities, Mizuho Securities USA, MUFG Securities Americas y Wells Fargo Securities. Ameren atiende a 2.5 millones de clientes eléctricos y más de 900,000 clientes de gas natural en un área de 64,000 millas cuadradas a través de sus subsidiarias de servicios públicos regulados Ameren Missouri y Ameren Illinois.
아메렌 (NYSE: AEE)은 7억 5천만 달러의 총 원금 규모의 5.375% 만기 2035년 선순위 채권을 원금의 99.822%로 가격을 책정했다고 발표했습니다. 이번 거래는 2025년 3월 7일에 마감될 예정입니다. 회사는 순수익을 일반 기업 용도로 사용하며, 단기 부채의 일부를 상환할 계획입니다.
이번 공모는 Barclays Capital, J.P. Morgan Securities, Mizuho Securities USA, MUFG Securities Americas, Wells Fargo Securities를 포함한 공동 북런닝 매니저들에 의해 관리되고 있습니다. 아메렌은 64,000 제곱 마일의 지역에서 아메렌 미주리 및 아메렌 일리노이의 규제된 유틸리티 자회사를 통해 250만 전기 고객과 90만 명 이상의 천연 가스 고객에게 서비스를 제공합니다.
Ameren (NYSE: AEE) a annoncé le prix de 750 millions de dollars de montant principal agrégé de notes senior à 5,375% arrivant à échéance en 2035 à 99,822% de leur montant principal. La transaction devrait se clôturer le 7 mars 2025. La société prévoit d'utiliser le produit net à des fins d'entreprise générale, y compris le remboursement d'une partie de sa dette à court terme.
L'offre est gérée par des gestionnaires de book-running conjoints, notamment Barclays Capital, J.P. Morgan Securities, Mizuho Securities USA, MUFG Securities Americas et Wells Fargo Securities. Ameren dessert 2,5 millions de clients électriques et plus de 900 000 clients de gaz naturel sur une superficie de 64 000 milles carrés à travers ses filiales de services publics réglementés Ameren Missouri et Ameren Illinois.
Ameren (NYSE: AEE) hat die Preisgestaltung von 750 Millionen Dollar an aggregiertem Hauptbetrag von 5,375% Senioranleihen mit Fälligkeit 2035 zu 99,822% ihres Hauptbetrags bekannt gegeben. Es wird erwartet, dass die Transaktion am 7. März 2025 abgeschlossen wird. Das Unternehmen plant, die Nettomittel für allgemeine Unternehmenszwecke zu verwenden, einschließlich der Rückzahlung eines Teils seiner kurzfristigen Schulden.
Das Angebot wird von gemeinsamen Book-Running-Managern, darunter Barclays Capital, J.P. Morgan Securities, Mizuho Securities USA, MUFG Securities Americas und Wells Fargo Securities, verwaltet. Ameren bedient 2,5 Millionen Stromkunden und über 900.000 Kunden für Erdgas in einem Gebiet von 64.000 Quadratmeilen durch seine regulierten Versorgungsunternehmen Ameren Missouri und Ameren Illinois.
- Debt refinancing strategy to address short-term debt
- Strong interest from major financial institutions as book-runners
- Large customer base of 2.5M electric and 900K gas customers
- Taking on $750M in new long-term debt
- Notes priced slightly below par at 99.822%
Insights
Ameren 's $750 million senior notes offering represents a strategic debt management move with several key implications for investors. Priced with a
The slight discount pricing at
For utility investors, this transaction demonstrates prudent financial management as Ameren optimizes its capital structure. By refinancing short-term debt with longer-dated notes, the company reduces refinancing risk and creates more predictable interest expenses - particularly valuable for a rate-regulated utility where financial stability is paramount for both regulators and investors.
This debt issuance aligns with typical utility financing strategies, where companies maintain significant debt levels to fund capital-intensive infrastructure while delivering the stable returns expected from the sector. The transaction appears timed to lock in rates before any potential market volatility while supporting Ameren's ongoing operations across its service territory spanning 64,000 square miles.
Ameren intends to use the net proceeds of the offering for general corporate purposes, including to repay a portion of its short-term debt.
Barclays Capital Inc., J.P. Morgan Securities LLC, Mizuho Securities
The offering is being made only by means of a prospectus and related prospectus supplement. A prospectus supplement related to the offering will be filed with the Securities and Exchange Commission. Copies of the prospectus and related prospectus supplement for the offering, when available, may be obtained via the Securities and Exchange Commission's website at www.sec.gov or by contacting Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
About Ameren
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SOURCE Ameren Corporation
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