By Sheri Kasprzak
New York, April 4 - Ameren Corp. priced $337 million of 10-year senior secured notes in a private sale, the company said in a statement released Friday.
The 6.25% Rule 144A notes were sold to institutional investors.
The offering is expected to close April 8.
Proceeds from the sale will be used to repay $334 million of the company's outstanding debt.
St. Louis-based Ameren provides electric and natural gas to customers in Missouri and Illinois.
| Issuer: | Ameren Corp.
|
| Issue: | Senior secured notes
|
| Amount: | $337 million
|
| Maturity: | 2018
|
| Coupon: | 6.25%
|
| Pricing date: | April 4
|
| Settlement date: | April 8
|
| Distribution: | Rule 144A
|
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