#USA #St. Louis #First Mortgage Bonds #Ameren Missouri #AEE

Ameren Missouri Announces Pricing of Mortgage Bonds

On February 23, 2026, Ameren Missouri, operating under the name Union Electric Company and a subsidiary of Ameren Corporation (NYSE: AEE), made significant announcements regarding its first mortgage bonds. The company has priced a public offering amounting to $450 million of bonds with an interest rate of 4.80% that are due in 2036, and another $450 million of bonds with a 5.55% interest rate due in 2056.

Purpose of the Offering

The company plans to close this transaction on February 27, 2026, provided all conditions are satisfactorily met. The primary objective of this bond issuance is to use the proceeds to refinance existing short-term debt and fund various near-term capital expenditures necessary for their operations.

Offering Details

The bond pricing details are compelling. The first mortgage bonds due in 2036 are priced at 99.926% of their principal amount, while the 2056 bonds are priced at 99.619%. These figures reflect Ameren Missouri's strategy of positioning itself in a favorable light for investors, while also demonstrating its commitment to maintaining a strong financial structure as it moves forward.

Leading financial institutions like Barclays Capital Inc., BofA Securities, Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., and Wells Fargo Securities, LLC are serving as joint book-running managers for this offering. They provide the necessary professional services and guidance throughout the bond offering process.

Regulatory Compliance

In compliance with regulatory requirements, the offering will be conducted only through a prospectus and a related prospectus supplement that will be filed with the Securities and Exchange Commission (SEC). Potential investors can access this documentation via the SEC's official website or through direct contact with MUFG Securities Americas Inc.

It’s important to note that this press release does not serve as an offer to sell or a solicitation to buy these first mortgage bonds in any jurisdiction where such actions might be legally restricted. The details presented here are solely for informational purposes regarding the bond pricing announcement.

About Ameren Missouri

Ameren Missouri has been a crucial player in providing electric and gas services for more than a century. With a customer base of approximately 1.3 million electric clients and 135,000 natural gas customers across 60 counties, the company is dedicated to powering the quality of life in central and eastern Missouri, especially in the metropolitan St. Louis area.

Their continued focus is to enhance the reliability of service while ensuring that the electric rates remain among the most competitive in the nation, aligning closely with their mission to provide affordable energy solutions to their ever-growing customer base. This recent bond issuance is a strategic step in maintaining that promise and available services.

In conclusion, Ameren Missouri's announcement signals a positive move for the company as it strategically manages its financial resources to better serve its community and navigate future energy needs effectively. With solid backing and a clear purpose, they are poised to enhance their operational capabilities in line with their long-term goals.