ST.
LOUIS, Nov. 8, 2022 /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 5.90%
first mortgage bonds due 2052 at 99.691% of their principal
amount. The transaction is expected to close on Nov. 22, 2022, subject to the satisfaction of
customary closing conditions.
Ameren Illinois intends to use the net proceeds of the offering
to repay a portion of its short-term debt. Thereafter, Ameren
Illinois intends to allocate an amount equal to the net proceeds
from the sale of the bonds to sustainable projects meeting certain
eligibility criteria.
BofA Securities, Inc., Goldman Sachs & Co. LLC, RBC Capital
Markets, LLC, TD Securities (USA)
LLC and PNC Capital Markets 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 TD Securities (USA)
LLC, 1 Vanderbilt Avenue, 12th Floor New
York, New York 10017, phone: 1-855-495-9846. 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.com/AmerenIllinois.
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SOURCE Ameren Corporation