Ameren and subsidiaries extend revolving credit facilities to 2027

By Wendy Van Sickle

Columbus, Ohio, Dec. 6 – Ameren Corp. and Ameren Missouri amended and restated their multi-year senior unsecured revolving amended and restated credit agreement with JPMorgan Chase Bank, NA as agent on Tuesday to provide for a $1.4 billion revolver, according to an 8-K filing with the Securities and Exchange Commission.

The agreement amends and restates the companies’ $1.2 billion multi-year revolver dated as of Dec. 9, 2019.

The maximum borrowing limits were increased to $1 billion from $900 million for Ameren and to $1 billion from $850 million for Ameren Missouri.

Also on Tuesday, Ameren and Ameren Illinois Co. entered into an amended and restated $1.2 billion multi-year senior revolver with JPMorgan. This agreement amends and restates the companies’ $1.1 billion multi-year senior revolver dated as of Dec. 9, 2019.

The amended credit agreements extended the maturity date of the commitments to Dec. 6, 2027 from Dec. 9, 2025. The maturity date under each amended credit agreement may be further extended for two additional one-year periods.

The maximum amount of letters of credit issuable under the amended credit agreements remains at $275 million for the Missouri borrowers and $250 million for the Illinois borrowers.

At closing, the borrowers received commitments from lenders to issue letters of credit of up to $100 million under each such amended credit agreement. In addition, a $50 million swingline subfacility was added to each amended credit agreement.

Ameren is a St. Louis-based electric and natural gas company.

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