ST. LOUIS, June 22, 2021 /PRNewswire/ -- Ameren
Illinois Company, a subsidiary of Ameren Corporation (NYSE: AEE),
announced today the pricing of a public offering of $350 million aggregate principal amount of 2.90%
first mortgage bonds due 2051 at 99.583% of their principal amount
and $100 million aggregate principal
amount of 0.375% first mortgage bonds due 2023 at 99.975% of their
principal amount. The transactions are expected to close on
June 29, 2021, subject to the
satisfaction of customary closing conditions, and are not
contingent upon each other.
Ameren Illinois intends to use the net proceeds of the offerings
to repay a portion of its short-term debt. Thereafter, Ameren
Illinois intends to allocate an amount equal to the net proceeds of
the offering of the 2.90% first mortgage bonds due 2051 to
sustainable projects meeting certain eligibility criteria.
RBC Capital Markets, LLC, TD Securities (USA) LLC, Truist Securities, Inc., Wells Fargo
Securities, LLC, BNY Mellon Capital Markets, LLC, KeyBanc Capital
Markets Inc. and U.S. Bancorp Investments, Inc. are acting as joint
book-running managers for the offering. Blaylock Van, LLC, CastleOak Securities, L.P.,
Loop Capital Markets LLC and Penserra Securities LLC are acting as
co-managers.
Each offering is being made only by means of a prospectus and
related prospectus supplement. A prospectus supplement related to
each offering will be filed with the Securities and Exchange
Commission. Copies of each prospectus supplement and accompanying
prospectus, when available, for each offering may be obtained on
the Securities and Exchange Commission's website at www.sec.gov, or
by contacting Wells Fargo Securities, LLC, 608 2nd Avenue South,
Suite 1000, Minneapolis, Minnesota
55402, Attention: WFS Customer Service, email:
wfscustomerservice@wellsfargo.com, phone: 1-800-645-3751. 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 Illinois
Ameren Illinois delivers energy to 1.2 million electric and
800,000 natural gas customers in Illinois. Our mission is to power the quality
of life. Our service territory covers more than 1,200 communities
and 43,700 square miles. For more information, visit
AmerenIllinois.com, find us on Twitter @AmerenIllinois or
Facebook.
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SOURCE Ameren Illinois