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Ameren Announces Pricing of Senior Notes due 2035

1. Ameren priced $750 million in senior notes due 2035. 2. Notes will fund general corporate purposes and short-term debt repayment. 3. Transaction expected to close by March 7, 2025. 4. Major banks managing the offering include Barclays and J.P. Morgan. 5. Ameren serves over 2.5 million electric and 900,000 gas customers.

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FAQ

Why Neutral?

The note issuance is typical for utilities; it indicates stable financing. Historical note offerings by similar firms often lead to neutral price reactions unless associated with major changes.

How important is it?

The note issuance is significant for corporate finance but typical for the sector. It reflects financial health and capital management strategies essential to investors.

Why Long Term?

The funds will strengthen Ameren's balance sheet, but impacts will be seen gradually. Historical data shows such corporate actions align with long-term stability rather than immediate price fluctuations.

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, /PRNewswire/ -- Ameren Corporation (NYSE: AEE) announced today the pricing of a public offering of $750 million aggregate principal amount of 5.375% senior notes due 2035 at 99.822% of their principal amount. The transaction is expected to close on March 7, 2025, subject to the satisfaction of customary closing conditions. Ameren intends to use the net proceeds of the offering for general corporate purposes, including to repay a portion of its short-term debt. Barclays Capital Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, 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 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 Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at 1-888-603-5847 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 senior notes 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 St. Louis-based Ameren Corporation powers the quality of life for 2.5 million electric customers and more than 900,000 natural gas customers in a 64,000-square-mile area through its Ameren Missouri and Ameren Illinois rate-regulated utility subsidiaries. Ameren Illinois provides electric transmission and distribution service and natural gas distribution service. Ameren Missouri provides electric generation, transmission and distribution service, as well as natural gas distribution service. Ameren Transmission Company of Illinois develops, owns and operates rate-regulated regional electric transmission projects in the Midcontinent Independent System Operator, Inc. For more information, visit Ameren.com, or follow us on social media at @AmerenCorp on X, Facebook.com/AmerenCorp, or LinkedIn/company/Ameren. SOURCE Ameren Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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