ST.
LOUIS, May 23, 2023 /PRNewswire/ -- Ameren
Illinois Company, a subsidiary of Ameren Corporation (NYSE: AEE),
announced today the pricing of a public offering of $500 million aggregate principal amount of 4.95%
first mortgage bonds due 2033 at 99.696% of their principal
amount. The transaction is expected to close on May 31, 2023, 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 and to repay
$100 million principal amount of its 0.375% first mortgage
bonds due June 15, 2023, at
maturity.
MUFG Securities Americas Inc., PNC Capital Markets LLC, Scotia
Capital (USA) Inc., SMBC Nikko
Securities America, Inc., Truist Securities, Inc. and Fifth Third
Securities, 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 MUFG Securities Americas Inc., 1221 Avenue of the
Americas, 6th Floor, New York, NY
10020, Attn: Capital Markets Group, phone: 1-877-649-6848. 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.
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SOURCE Ameren Corporation