Cases & Deals

  • Home
  • Practices
  • Ameren and subsidiaries solidify $2.1 billion package of credit agreement amendments and new facilities

Share

Ameren and subsidiaries solidify $2.1 billion package of credit agreement amendments and new facilities

June 2009

Client(s) Ameren Corporation

Jones Day assisted with the closing of a $2.1 billion package of credit agreement amendments and new facilities for Ameren Corporation, a provider of electricity and gas, and certain of its subsidiaries including its principal utility subsidiaries AmerenUE, AmerenCIPS, AmerenCILCO and AmerenIP.

The multi-year facilities, which expire in July 2011, provide for revolving loans for general corporate purposes. The loans constitute senior unsecured obligations of Ameren, AmerenUE and Ameren Energy Generating Company. The Ameren Illinois Utilities' obligations are secured by their respective mortgage bonds. JPMorgan Chase Bank, N.A., served as lender and as agent for over 20 other lenders. J.P. Morgan Securities Inc. and Barclays Capital acted as joint arrangers and joint bookrunners. In addition to the credit agreement negotiations, Jones Day represented Ameren Illinois Utilities in obtaining necessary regulatory approvals from the Illinois Commerce Commission.

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.