Union Electric plans to price first mortgage bonds due 2023

By Devika Patel

Knoxville, Tenn., Sept. 23 – Union Electric Co., doing business as Ameren Missouri Co., plans to sell first mortgage bonds due 2023, according to a 424B3 filed with the Securities and Exchange Commission.

The bonds have a make-whole call and then a par call.

J.P. Morgan Securities LLC, SunTrust Robinson Humphrey Inc., U.S. Bancorp Investments Inc., Wells Fargo Securities LLC and KeyBanc Capital Markets LLC are the bookrunners. C.L. King & Associates, Drexel Hamilton and Samuel A. Ramirez & Co. Inc. are the co-managers.

Proceeds will be used to repay at maturity $244.3 million of the company’s 5.1% senior secured notes due Oct. 1, 2019 and to repay a portion of its short-term debt.

The public utility holding company and unit of Ameren Corp. is based in St. Louis.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.