Cases & Deals

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

Clients 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.

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