Ameren Corp $425M Note Offering To Close May 15

Ameren Corporation (NYSE: AEE - News) announced today that it is offering $425 million of its 8.875% Senior Notes due 2014. The transaction is expected to close on May 15, 2009. Ameren intends to use the net proceeds of the offering, together with other corporate funds, to repay a portion of its short-term debt consisting of its borrowings under a $300 million term loan agreement and to provide such amounts, by way of a capital contribution, loan or otherwise, to CILCORP Inc., its wholly owned subsidiary, to permit CILCORP Inc. to repay the outstanding $123,755,000 aggregate principal amount of its 8.700% senior notes due 2009, which senior notes mature October 15, 2009. The joint book-running managers for the offering are BNP Paribas Securities Corp., J.P. Morgan Securities Inc. and UBS Securities LLC