Ameren Prices $900 Million Junior Subordinated Notes Due 2057
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St. Louis – September 12, 2026 -- Ameren Corporation (NYSE: AEE) priced a public offering of $900 million in junior subordinated notes due 2057 at 100.000% of principal, with the transaction expected to close September 18, 2026.
Notes carry a fixed 6.450% rate through 2032 before shifting to a floating structure
The junior subordinated notes will bear interest at an annual rate of 6.450% from issuance through March 15, 2032. After that date, the rate resets during each interest reset period to the Five-Year Treasury Rate plus 1.868%, with a contractual floor ensuring the rate never falls below the initial 6.450% level.
Proceeds target short-term debt repayment and general corporate needs
Ameren said net proceeds from the offering will be used for general corporate purposes, including repayment of outstanding short-term debt.