Union Electric/Ameren Missouri offers first mortgage bonds due 2052

By Marisa Wong

Los Angeles, March 21 – Union Electric Co., doing business as Ameren Missouri, plans to price first mortgage bonds due 2052, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will be callable at a make-whole price up until six months prior to maturity and then they will be callable at par.

Barclays, J.P. Morgan Securities LLC, MUFG, SMBC Nikko Securities America, Inc. and KeyBanc Capital Markets Inc. are the joint bookrunners.

Fifth Third Securities, Inc., U.S. Bancorp Investments, Inc., Academy Securities, Inc., C.L. King & Associates, Inc. and Samuel A. Ramirez & Co., Inc. are co-managers.

Bank of New York Mellon is the trustee.

Counsel for the issuer is provided by Morgan, Lewis & Bockius LLP and by in-house counsel. Counsel for the underwriters is Pillsbury Winthrop Shaw Pittman LLP.

Proceeds will be used to fund capital expenditures or refinance short-term debt. The company intends to allocate remaining proceeds to eligible projects in the areas of renewable energy, climate change adaptation, energy efficiency, clean transportation and green buildings.

A St. Louis-based subsidiary of Ameren Corp., Ameren Missouri operates a rate-regulated electric generation, transmission and distribution business and a rate-regulated natural gas distribution business in Missouri.

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