Ameren Missouri Announces Pricing of First Mortgage Bonds Offering due 2049

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Sep 23, 2019, 16:51 ET

ST. LOUIS, Sept. 23, 2019 /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 $330 million aggregate principal amount of 3.25% first mortgage bonds due 2049 at 99.657% of their principal amount. The transaction is expected to close on Oct. 1, 2019, subject to the satisfaction of customary closing conditions.

Ameren Missouri intends to use the net proceeds of the offering to repay at maturity $244.3 million aggregate principal amount of its 5.10% senior secured notes due Oct. 1, 2019 and to repay a portion of its short-term debt.

J.P. Morgan Securities LLC, SunTrust Robinson Humphrey, Inc., U.S. Bancorp Investments, Inc., Wells Fargo Securities, 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 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 Wells Fargo Securities, LLC by phone at 1-800-645-3751, by mail at Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, or by email at [email protected].

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 127,000 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 on Twitter at @AmerenMissouri or Facebook.com/AmerenMissouri.

SOURCE Ameren Corporation