Ameren Illinois Announces Debt Tender Offer and Proposed Debt Offering
Ameren Illinois Company ("Ameren Illinois"), a wholly owned subsidiary of Ameren Corporation (NYSE: AEE), announced today that it will seek to reduce the weighted average interest rate and enhance the maturity profile of its debt through the combination of a tender offer for two series of outstanding senior secured notes and a proposed public offering of its senior secured debt securities.
Ameren Illinois has commenced a tender offer to purchase for cash its outstanding 9.75% Senior Secured Notes due 2018 (the "9.75% Notes") and its outstanding 6.25% Senior Secured Notes due 2018 (the "6.25% Notes" and, together with the 9.75% Notes, the "Notes") for an aggregate purchase price (including principal and premium) of up to $450 million (the "Maximum Tender Amount").
The tender offer is being made upon and is subject to the terms and conditions set forth in the Offer to Purchase, dated July 30, 2012 (the "Offer to Purchase"), and the related Letter of Transmittal.
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