By Devika Patel
Knoxville, Tenn., June 26 – Ameren Transmission Co. of Illinois priced a $450 million private placement of 33-year senior notes on June 22, according to an 8-K filed Monday with the Securities and Exchange Commission. The company issued $150 million of notes at pricing, with the remainder to be issued on Aug. 31.
The notes accrue interest at 3.43% per year.
Early redemption is possible via a make-whole call.
Proceeds will be used to repay existing short-term and long-term affiliate debt.
The issuer is a subsidiary of Ameren Corp., a St. Louis-based electric and natural gas company.
| Issuer: | Ameren Transmission Co. of Illinois
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| Issue: | Senior notes
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| Amount: | $450 million
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| Maturity: | Aug. 31, 2050
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| Coupon: | 3.43%
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| Call: | Make-whole call
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| Pricing date: | June 22
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| Settlement dates: | June 22 (for $150 million), Aug. 31 (for $300 million)
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| Distribution: | Private placement
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