Ameren Corporation has priced a public offering of $400 million in senior notes, with a fixed coupon rate of 5.00%, maturing in 2036. The senior notes were priced at 99.802% of their principal amount and are set to close on March 4, pending customary closing conditions.
The company plans to allocate the net proceeds from this debt issuance toward general corporate purposes. A significant portion will be used to repay short-term debt, including debt incurred to refinance Ameren’s 3.65% senior notes due in 2026 upon their maturity.
Several prominent financial institutions are managing this offering, including BNY Mellon Capital Markets, J.P. Morgan Securities, RBC Capital Markets, U.S. Bancorp Investments, and Wells Fargo Securities. These firms are serving as joint book-running managers to facilitate the transaction.
This transaction aligns with Ameren’s ongoing debt management strategy to optimize its capital structure. The refinancing effort helps extend maturity profiles and manage interest expense efficiently within a competitive market environment.
Ameren serves approximately 2.5 million electric and over 900,000 natural gas customers across a 64,000-square-mile service area. The company operates through utility subsidiaries Ameren Missouri and Ameren Illinois, providing electric generation, transmission, and distribution as well as natural gas distribution services.
Ameren Transmission Company of Illinois also contributes by developing and operating rate-regulated regional electric transmission projects within the Midcontinent Independent System Operator (MISO) region. This strategic infrastructure supports grid reliability and regional energy needs.
The offering was conducted under a prospectus supplemented by filings with the U.S. Securities and Exchange Commission (SEC). Interested parties can access the prospectus and related documents via the SEC’s website or through designated representatives at J.P. Morgan Securities.
This senior notes offering enables Ameren to strengthen its financial flexibility while supporting its mission to power millions of homes and businesses reliably. The company continues to advance its utility operations while managing its debt portfolio prudently.
Read more at: www.prnewswire.com