Ameren Announces Pricing of Senior Notes Offering due 2028

Rhea-AI Summary

Ameren Corporation (NYSE: AEE) announced the pricing of a public offering of $450 million in 1.75% senior notes due 2028, priced at 99.908% of their principal amount. The offering, expected to close on March 5, 2021, aims to leverage the net proceeds for general corporate purposes, particularly for repaying short-term debt. Key financial institutions involved as joint book-running managers include Barclays Capital, J.P. Morgan, and Morgan Stanley. This transaction reflects Ameren's ongoing efforts to enhance its financial stability and liquidity.

Positive

• $450 million senior notes offering enhances liquidity.
• 1.75% interest rate indicates favorable financing terms.
• Proceeds will be used to repay short-term debt.

Negative

• None.

ST. LOUIS, Feb. 24, 2021 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) announced today the pricing of a public offering of $450 million aggregate principal amount of 1.75% senior notes due 2028 at 99.908% of their principal amount.  The transaction is expected to close on March 5, 2021, subject to the satisfaction of customary closing conditions.

Ameren intends to use the net proceeds of the offering for general corporate purposes, including to repay its short-term debt.

Barclays Capital Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and KeyBanc Capital Markets Inc. are acting as joint book-running managers for the offering.

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 supplement and accompanying prospectus, when available, for the offering may be obtained on 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, Edgewood, NY 11717, by phone at (888) 603-5847, or by email at barclaysprospectus@broadridge.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the senior notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale is unlawful.

About Ameren

St. Louis-based Ameren Corporation powers the quality of life for 2.4 million electric customers and more than 900,000 natural gas customers in a 64,000-square-mile area through its Ameren Missouri and Ameren Illinois rate-regulated utility subsidiaries. Ameren Illinois provides electric transmission and distribution service and natural gas distribution service. Ameren Missouri provides electric generation, transmission and distribution service, as well as natural gas distribution service. Ameren Transmission Company of Illinois develops, owns and operates rate-regulated regional electric transmission projects. For more information, visit Ameren.com, or follow us at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn/company/Ameren.

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SOURCE Ameren Corporation

FAQ

What is the recent announcement by Ameren Corporation regarding its senior notes offering?

Ameren Corporation announced a public offering of $450 million in 1.75% senior notes due 2028.

When is the closing date for Ameren's public offering of senior notes?

The public offering of senior notes is expected to close on March 5, 2021.

What will Ameren use the proceeds from the senior notes offering for?

Ameren intends to use the net proceeds for general corporate purposes, including repaying short-term debt.

What is the ticker symbol for Ameren Corporation?

The ticker symbol for Ameren Corporation is AEE.