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Ameren Corporation
Ameren Corporation Announces AmerenIP Refinancing
November 8th, 2008
Ameren Corporation (NYSE:AEE) announced the pricing on Oct. 20, 2008, of a private offering of $400 million of 9.75% senior secured notes due 2018 by its subsidiary Illinois Power Company, doing business as AmerenIP. The transaction is expected to close on Oct. 23, 2008. AmerenIP intends to use the net proceeds of this private offering of approximately $391 million to repay short-term debt. The notes will be offered and sold only to qualified institutional buyers in accordance with Rule 144A and Regulation S under the Securities Act of 1933. When issued, the notes will not have been registered under the Securities Act of 1933 or state securities laws and may not be...
Source: Law & Health Weekly (2008-11-08)
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