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Ameren Illinois Announces Completion Of Tender Offer

Stocks in this article: AEE

ST. LOUIS, Aug. 27, 2012 /PRNewswire/ -- Ameren Illinois Company, a subsidiary of Ameren Corporation (NYSE: AEE), announced today the completion of its previously announced 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"). 

As of midnight, New York City time, on August 24, 2012 (the "Expiration Date"), $87,100,000 aggregate principal amount of the 9.75% Notes and $193,488,000 aggregate principal amount of the 6.25% Notes had been validly tendered and not validly withdrawn.  Ameren Illinois has accepted for purchase all Notes which were validly tendered prior to the Expiration Date. The settlement date is expected to be today, Aug. 27, 2012.  

Holders who validly tendered (and did not subsequently withdraw) their Notes prior to 5:00 p.m., New York City time, on August 10, 2012 (the "Early Tender Date"), will receive the previously announced total consideration of $1,384.06 per $1,000 principal amount of 9.75% Notes and $1,218.36 per $1,000 principal amount of 6.25% Notes, in each case which includes an early tender premium of $30.00 per $1,000 principal amount of such Notes, plus any accrued and unpaid interest from the last interest payment date applicable to the relevant series of Notes up to, but not including, the settlement date.  Holders of Notes that were validly tendered after the Early Tender Date but at or prior to the Expiration Date will receive $1,354.06 per $1,000 principal amount of 9.75% Notes and $1,188.36 per $1,000 principal amount of 6.25% Notes, plus any accrued and unpaid interest from the last interest payment date applicable to the relevant series of Notes up to, but not including, the settlement date.  

Any notes that were not tendered and purchased in the tender offer will remain outstanding and continue to be obligations of Ameren Illinois.  After giving effect to the purchase of the tendered Notes, $312,900,000 aggregate principal amount of 9.75% Notes and $143,512,000 aggregate principal amount of 6.25% Notes will remain outstanding. 

Ameren Illinois also announced today that it intends to redeem, on September 6, 2012, $51.1 million aggregate principal amount of outstanding 5.50% pollution control revenue bonds maturing in 2014. On August 22, 2012, the notice of redemption was mailed to holders of the bonds.

J.P. Morgan Securities LLC acted as the dealer manager for the tender offer and Global Bondholder Services Corporation acted as the depositary and information agent for the tender offer.

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