ST.
LOUIS, Sept. 30, 2024 /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 $450 million
aggregate principal amount of 5.125% first mortgage bonds due 2055
at 99.881% of their principal amount. The transaction is expected
to close on Oct. 7, 2024, subject to
the satisfaction of customary closing conditions.
Ameren Missouri intends to use the net proceeds of the offering
to refinance short-term debt and/or fund near-term capital
expenditures. Thereafter, Ameren Missouri intends to allocate an
amount equal to the net proceeds to sustainable projects meeting
certain eligibility criteria.
Barclays Capital Inc., BofA Securities, Inc., J.P. Morgan
Securities LLC, Morgan Stanley & Co. LLC 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 and related prospectus
supplement for the offering, when available, may be obtained via
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, Telephone:
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. Ameren Missouri's mission is to power the
quality of life for its 1.2 million electric and 135,000 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.
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SOURCE Ameren Missouri