ST.
LOUIS, March 21, 2022 /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 $525 million
aggregate principal amount of 3.90% first mortgage bonds due 2052
at 99.754% of their principal amount. The transaction is expected
to close on April 1, 2022, subject to
the satisfaction of customary closing conditions.
Ameren Missouri intends to use the net proceeds of the offering
to fund capital expenditures and/or refinance its short-term debt.
Thereafter, Ameren Missouri intends to allocate an amount equal to
the net proceeds to sustainable projects meeting certain
eligibility criteria.
Barclays Capital Inc., J.P. Morgan Securities LLC, MUFG
Securities Americas Inc., SMBC Nikko Securities America, 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 J.P. Morgan Securities LLC, 383 Madison Avenue,
New York, New York 10179,
Attention: Investment Grade Syndicate Desk, phone:
1-212-834-4533.
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 130,000 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 at @AmerenMissouri or
Facebook.com/AmerenMissouri.
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SOURCE Ameren Missouri