Summary
Ameren Corporation, through its subsidiary Union Electric Company, announced the issuance and sale of $104 million in 5.50% Senior Secured Notes due 2014. This debt offering was completed on May 18, 2004, under a previously effective registration statement. The filing serves to report key documents related to this financing, including the underwriting agreement and indenture. Investors should note that this is primarily a debt issuance disclosure, not an announcement of significant operational or financial performance changes. The primary purpose of this Form 8-K filing is to disclose the details and associated documentation of a debt offering by Union Electric Company. The company secured $104 million in long-term financing at a fixed interest rate of 5.50%. This action suggests a strategic move to manage its capital structure, potentially funding ongoing operations, infrastructure projects, or refinancing existing debt. Investors would typically look for further context on how this new debt fits into Ameren's overall financial strategy and its impact on leverage and interest coverage ratios.
Key Highlights
- 1Union Electric Company, a subsidiary of Ameren Corporation, issued $104 million in 5.50% Senior Secured Notes due 2014.
- 2The debt issuance occurred on May 18, 2004.
- 3The Notes were issued under a Form S-3 registration statement effective September 5, 2003, and a Prospectus Supplement dated May 13, 2004.
- 4This filing reports as exhibits key documents related to the debt offering, such as the underwriting agreement and indenture.
- 5The offering was facilitated by underwriters including Barclays Capital Inc. and Citigroup Global Markets Inc.
- 6The filing includes legal opinions from company counsel and external legal advisors regarding the Notes.
- 7This is a disclosure of a debt financing event, not an announcement of operational or earnings performance.