Union Electric Co. Finalizes $900M First Mortgage Bond Offering

summarizeSummary

Union Electric Company, also known as Ameren Missouri, finalized the terms for a $900 million offering of First Mortgage Bonds across two tranches, securing significant long-term financing.

check_boxKey Events

• Bond Offering Finalized

  Union Electric Company finalized the terms for a $900,000,000 offering of First Mortgage Bonds, consisting of two tranches: $450M due 2036 and $450M due 2056.

• Pricing Details Confirmed

  The 2036 Bonds carry a 4.80% coupon with a re-offer yield of 4.809%, while the 2056 Bonds have a 5.55% coupon and a re-offer yield of 5.576%.

• Investment Grade Ratings

  The bonds are expected to receive investment-grade ratings of A2 (Stable) from Moody's and A (Stable) from S&P.

• Settlement Date Set

  The offering is scheduled to settle on February 27, 2026.

auto_awesomeAnalysis

This Free Writing Prospectus finalizes the terms for Union Electric Company's substantial $900 million offering of First Mortgage Bonds. The issuance, split into two tranches maturing in 2036 and 2056, secures significant long-term capital for the company. As a utility, debt financing is a routine and critical component of funding infrastructure and operational needs. The bonds received investment-grade ratings of A2 (Stable) from Moody's and A (Stable) from S&P, indicating strong creditworthiness. This successful pricing provides the company with necessary funds, albeit increasing its overall debt obligations.