Ameren Missouri Raises $500 Million Through Bond Sale

Union Electric Company, doing business as Ameren Missouri and a subsidiary of Ameren Corporation, announced the sale of $500 million in 5.25% First Mortgage Bonds due 2035. The bonds were issued under an effective shelf registration and prospectus supplement dated March 26, 2025. Ameren Missouri received approximately $496.6 million in net proceeds before expenses. The offering was led by underwriters including Goldman Sachs, RBC Capital Markets, Scotia Capital, and SMBC Nikko Securities. The Form 8-K filing also includes associated legal opinions and agreements related to the bond issuance.

Ameren Missouri, a subsidiary of Ameren Corporation, announced the pricing of a $500 million public offering of 5.25% first mortgage bonds due in 2035, issued at 99.975% of face value. The deal is set to close on April 4, 2025, pending standard conditions. The funds raised will be used to repay short-term debt and/or support upcoming capital expenditures. Major financial institutions like Goldman Sachs, RBC, and Scotia Capital are leading the offering. The bonds will be issued under a prospectus filed with the SEC.

Ameren Corporation announced the sale of $750 million in 5.375 percent senior notes due 2035 on March 7, 2025. The offering was conducted under a registration statement that became effective on October 13, 2023. The company received net proceeds of approximately $743.8 million before expenses.

The notes were issued pursuant to an underwriting agreement with several financial institutions, including Barclays Capital Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., and Wells Fargo Securities, LLC. The filing also includes legal opinions regarding the validity of the notes from Ameren’s interim general counsel and the law firm Morgan, Lewis & Bockius LLP.

This Form 8-K filing reports documents related to the offering, including the underwriting agreement, indenture details, and legal opinions. The transaction is part of Ameren’s broader financial strategy.

Ameren Illinois, a subsidiary of Ameren Corporation, announced the sale of $350 million in 5.625% First Mortgage Bonds due 2055. The bonds were issued under a previously filed registration statement and prospectus, with net proceeds of approximately $346.9 million before expenses. The company filed the Form 8-K to report documents related to the offering, including underwriting and legal opinions. The filing was signed by Michael L. Moehn, Senior Executive Vice President and CFO of Ameren Corporation, and Leonard P. Singh, Chairman and President of Ameren Illinois, on March 3, 2025.

Ameren Missouri has reached an agreement in principle with the Missouri Public Service Commission staff, the Missouri Office of Public Counsel, and other intervenors to resolve revenue requirement issues related to its June 2024 electric service regulatory rate review. The agreement is subject to finalization and approval by the commission. A decision is expected by May 2025, with new rates anticipated to take effect in June 2025.