Ameren Missouri Announces Pricing of Green First Mortgage Bonds due 2032
On June 9, 2021, Ameren Missouri, a subsidiary of Ameren Corporation (AEE), announced the pricing of a public offering of $525 million in 2.15% first mortgage bonds due 2032, priced at 99.891% of their principal amount. The offering is set to close on June 22, 2021. Proceeds will be utilized to repay short-term debt and fund near-term capital projects, with additional allocations for sustainable initiatives. BofA Securities and other firms are the joint managers for this offering.
- Securing $525 million in funding from mortgage bonds supports financial stability.
- Proceeds will reduce short-term debt and finance capital expenditures, improving overall liquidity.
- Allocation to sustainable projects aligns with environmental goals.
- None.
ST. LOUIS, June 9, 2021 /PRNewswire/ -- Union Electric Company, doing business as Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), announced today the pricing of a public offering of
Ameren Missouri intends to use the net proceeds of the offering to repay its short-term debt and for near-term capital expenditures. Thereafter, Ameren Missouri intends to allocate an amount equal to the net proceeds to sustainable projects meeting certain eligibility criteria.
BofA Securities, Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc., Fifth Third Securities, Inc., and PNC Capital Markets LLC are acting as joint book-running managers for the offering. Academy Securities, Inc., C.L. King & Associates, Inc., and Siebert Williams Shank & Co., LLC are acting as co-managers.
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 BofA Securities, Inc., 200 North College Street, 3rd Floor, NC1-004-03-43, Charlotte, NC 28255, Attention: Prospectus Department, email: dg.prospectus_requests@bofa.com, phone: 1-800-294-1322.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the first mortgage bonds 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 Missouri
Ameren Missouri has been providing electric and gas service for more than 100 years, and the company's electric rates are among the lowest in the nation. Ameren Missouri's mission is to power the quality of life for its 1.2 million electric and 134,000 natural gas customers in central and eastern Missouri. The company's service area covers 64 counties and more than 500 communities, including the greater St. Louis area. For more information, visit Ameren.com/Missouri or follow us on Twitter at @AmerenMissouri or Facebook.com/AmerenMissouri.
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SOURCE Ameren Missouri
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