Ameren Illinois plans $250 million 30-year secured notes sale Monday

By Aleesia Forni

Virginia Beach, June 23 – Ameren Illinois Co. announced plans to issue $250 million of 30-year senior secured notes on Monday, according to a market source and a 424B3 filed with the Securities and Exchange Commission.

Proceeds will be used to finance ongoing construction and maintenance programs, to redeem, repurchase, repay or retire outstanding debt and preferred stock and for other general corporate purposes.

Barclays, BNY Mellon Capital Markets LLC, RBS Securities Inc. and RBC Capital Markets LLC are the joint bookrunners.

Fifth Third Securities, KeyBanc Capital Markets, TD Securities (USA) LLC, Williams Capital Group LP, Ramirez & Co. Inc. and U.S. Bancorp Investments Inc. are the co-managers.

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

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