Ameren Missouri Announces Pricing of Green First Mortgage Bonds Offering due 2051

Rhea-AI Summary

Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), has announced the pricing of a public offering for $550 million in 2.625% first mortgage bonds due 2051, priced at 99.522% of their principal amount. The offering is set to close on October 9, 2020, pending customary conditions. The proceeds will finance or refinance green projects adhering to specific eligibility standards. Major firms like Barclays and BofA Securities are managing the offering, which will be detailed in a prospectus filed with the SEC.

Positive

• The issuance of $550 million in first mortgage bonds indicates strong market interest and potential for financial stability.
• Proceeds allocated for green projects align with sustainable investment trends, enhancing corporate responsibility.

Negative

• None.

ST. LOUIS, Oct. 1, 2020 /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 $550 million aggregate principal amount of 2.625% first mortgage bonds due 2051 at 99.522% of their principal amount. The transaction is expected to close on October 9, 2020, subject to the satisfaction of customary closing conditions.

Ameren Missouri intends to allocate an amount equal to the net proceeds of the offering to finance or refinance, in whole or in part, investments in new or existing green projects meeting certain eligibility criteria.

Barclays Capital Inc, BofA Securities, Inc., RBC Capital Markets, LLC, BNY Mellon Capital Markets, LLC and PNC Capital Markets LLC are acting as joint book-running managers for the offering. KeyBanc Capital Markets Inc., Academy Securities, Inc., Drexel Hamilton, LLC and Penserra Securities 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 132,000 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

FAQ

What is the purpose of Ameren Missouri's bond offering?

The proceeds will finance or refinance investments in green projects.

When is the closing date for Ameren Missouri's bond offering?

The offering is expected to close on October 9, 2020.

What is the interest rate on Ameren Missouri's first mortgage bonds?

The bonds have an interest rate of 2.625%.

Who are the joint book-running managers for the bond offering?

Barclays Capital, BofA Securities, RBC Capital Markets, BNY Mellon, and PNC Capital Markets are managing the offering.

What amount is being raised in Ameren Missouri's bond offering?

Ameren Missouri is raising $550 million through the bond offering.