8-KOther EventsExhibits & Filings

AMEREN CORP 8-K Report, Corporate Update (Jun 15, 2007)

Filed June 15, 2007For Securities:AEE

Summary

This Form 8-K filing from Ameren Corporation (AEE) and its subsidiary Union Electric Company reports on the issuance and sale of $425 million in 6.40% Senior Secured Notes due 2017 by Union Electric Company on June 15, 2007. This debt issuance was conducted under a previously effective Registration Statement on Form S-3 and a prospectus supplement. The filing primarily serves to provide details and exhibits related to this significant financing event for the company's subsidiary. From an investor's perspective, this issuance represents an effort by Union Electric Company to raise capital, likely for operational needs, capital expenditures, or refinancing existing debt. The specific terms of the notes, including the interest rate and maturity date, provide insight into the cost of capital and the company's long-term financial strategy. Investors should review the underlying registration statement and prospectus supplement for a comprehensive understanding of the offering, including risk factors and the use of proceeds.

Key Highlights

  • 1Union Electric Company, a subsidiary of Ameren Corporation, issued $425 million in 6.40% Senior Secured Notes due 2017.
  • 2The notes were issued on June 15, 2007, under a previously effective Form S-3 Registration Statement.
  • 3The filing provides exhibits detailing the underwriting agreement, indentures, and legal opinions related to the note issuance.
  • 4This action indicates Union Electric Company's engagement in capital raising activities to fund its operations or growth.
  • 5The specific interest rate of 6.40% provides a benchmark for the cost of debt at that time for the subsidiary.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report the issuance and sale of $425 million in 6.40% Senior Secured Notes due 2017 by Union Electric Company, a subsidiary of Ameren Corporation, and to provide related exhibits such as the underwriting agreement and indentures.

The 6.40% Senior Secured Notes represent a debt issuance by Union Electric Company. The interest rate of 6.40% indicates the cost of borrowing for the company on these notes, and the 2017 maturity date suggests a ten-year term for this debt. This issuance helps finance the subsidiary's operations and capital needs.

Investors can find more details by reviewing the exhibits filed with this Form 8-K, including the Underwriting Agreement and various Indentures. Additionally, information would be available in the Prospectus Supplement dated June 12, 2007, and the base Prospectus dated October 20, 2005, filed under the Registration Statement on Form S-3 (Nos. 333-128517 and 333-128517-01).

This filing directly impacts Union Electric Company, a subsidiary. However, as a significant subsidiary, its financial activities, including debt issuance, have an indirect impact on Ameren Corporation's consolidated financial statements and overall financial health. Investors should consider the subsidiary's leverage within the context of the parent company's financial structure.