Ameren Announces Pricing of Senior Notes Offering due 2027

Rhea-AI Summary

Ameren Corporation (NYSE: AEE) has announced the public offering of $500 million in senior notes at a 1.95% interest rate, due in 2027. The offering is priced at 99.981% of its principal amount and is set to close on November 18, 2021, pending customary conditions. The net proceeds will be utilized for general corporate purposes, primarily to repay short-term debt. Joint book-running managers for the offering include Goldman Sachs, Mizuho Securities, Morgan Stanley, and TD Securities.

Positive

• Successfully securing $500 million through a senior notes offering.
• Offering a competitive interest rate of 1.95% for the notes.

Negative

• Increased debt obligations as the company raises funds.

ST. LOUIS, Nov. 15, 2021 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) announced today the pricing of a public offering of $500 million aggregate principal amount of 1.95% senior notes due 2027 at 99.981% of their principal amount.  The transaction is expected to close on November 18, 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 a portion of its short-term debt.

Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC 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 Morgan Stanley & Co. LLC, 1585 Broadway, 29th Floor, New York, New York 10036, Attention: Prospectus Department, by phone at 1-866-718-1649, or by email at prospectus@morganstanley.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 amount of the senior notes offering by Ameren (AEE)?

Ameren announced a public offering of $500 million in senior notes.

What is the interest rate on Ameren's senior notes due 2027?

The interest rate on the senior notes is 1.95%.

When is the closing date for the Ameren senior notes offering?

The offering is expected to close on November 18, 2021.

What will Ameren's net proceeds be used for?

The net proceeds will be used for general corporate purposes, including repayment of short-term debt.

Who are the joint book-running managers for Ameren's notes offering?

Joint book-running managers include Goldman Sachs, Mizuho Securities, Morgan Stanley, and TD Securities.