Ameren Illinois to sell $250 million secured notes due 2046 Monday

By Aleesia Forni

New York, Dec. 7 – Ameren Illinois Co. is in Monday’s market with a $250 million offering of senior secured notes due 2046, according to a market source and a 424B3 filed with the Securities and Exchange Commission.

The company intends to use the proceeds of the offering to repay a portion of its short-term debt, consisting of commercial paper issuances and borrowings under the Ameren utility money pool.

BNP Paribas Securities Corp., Goldman Sachs & Co., MUFG, SunTrust Robinson Humphrey Inc. and TD Securities (USA) LLC are the bookrunners.

The co-managers are Apto Partners LLC, Loop Capital Markets and Siebert Brandford Shank & Co. LLC.

Ameren Illinois is a subsidiary of St. Louis-based electric and natural gas company Ameren Corp.

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