#United States #St. Louis #Junior Subordinated Notes #Ameren Corporation

Ameren Corporation's Junior Subordinated Notes Pricing

Ameren Corporation, a leading utility company headquartered in St. Louis, has successfully announced the pricing of its public offering of junior subordinated notes. The offering totals an impressive $900 million in aggregate principal amount, set to mature in 2057. This strategic financial move is aimed at enhancing the company’s funding capabilities and supporting its ongoing operations.

Details of the Offering

The pricing was set at 100.000% of the principal amount. The junior subordinated notes will start accruing interest from the date of original issuance with a fixed annual rate of 6.450% until March 15, 2032. Following that date, the interest rate will reset every period according to the Five-Year Treasury Rate plus an additional 1.868%. Importantly, the interest rate will not drop below the initial rate of 6.450% during any of these reset periods.

The transaction is scheduled to close on September 18, 2026, pending the fulfillment of customary closing conditions. This offering demonstrates Ameren’s proactive stance on managing its financial structure effectively in a changing economic landscape.

Purpose of the Funds

The net proceeds from this offering are earmarked for general corporate purposes which includes strategies to repay existing short-term debt. This move is expected to provide Ameren with the necessary liquidity to maintain its infrastructure and support growth initiatives.

The Managing Partners

A group of reputable financial institutions has taken up the role of joint book-running managers for this offering. These include:

• - Barclays Capital Inc.
• - BofA Securities, Inc.
• - J.P. Morgan Securities LLC
• - Morgan Stanley & Co. LLC
• - MUFG Securities Americas Inc.
• - Truist Securities, Inc.
• - PNC Capital Markets LLC
• - Scotia Capital (USA) Inc.

This coalition of managers not only enhances the credibility of the offering but also ensures that the issuance process is streamlined and efficient.

How to Access the Offering

Investors interested in learning more about the junior subordinated notes can obtain the prospectus and the related prospectus supplement via the Securities and Exchange Commission’s website or by contacting J.P. Morgan Securities directly. It’s important to note that this announcement does not serve as a sales offer or solicitation in any jurisdiction where it would be unlawful.

About Ameren Corporation

Founded with a mission to power the quality of life for its customers, Ameren Corporation serves approximately 2.5 million electric and more than 900,000 natural gas customers across a span of 64,000 square miles. Ameren operates through its subsidiaries Ameren Missouri and Ameren Illinois, which provide a range of services from electric generation to natural gas distribution.

In an era where financial agility is paramount, Ameren's latest offering exemplifies its commitment to managing resources judiciously while focusing on long-term growth strategies. Stakeholders and investors alike will be keenly observing how this strategic financing plays out in the coming years.