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Ameren Corporation Announces Senior Notes Offering

ST. LOUIS, May 12 /PRNewswire-FirstCall/ -- Ameren Corporation (NYSE: AEE) announced today that it is offering $425 million of its 8.875% Senior Notes due 2014. The transaction is expected to close on May 15, 2009. Ameren intends to use the net proceeds of the offering, together with other corporate funds, to repay a portion of its short-term debt consisting of its borrowings under a $300 million term loan agreement and to provide such amounts, by way of a capital contribution, loan or otherwise, to CILCORP Inc., its wholly owned subsidiary, to permit CILCORP Inc. to repay the outstanding $123,755,000 aggregate principal amount of its 8.700% senior notes due 2009, which senior notes mature October 15, 2009. The joint book-running managers for the offering are BNP Paribas Securities Corp., J.P. Morgan Securities Inc. and UBS Securities LLC.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction. The offering may be made by means of a prospectus and a related prospectus supplement, copies of which may be obtained when available from BNP Paribas Securities Corp, at 787 Seventh Avenue, New York, NY 10019, Attention: High Grade Syndicate Desk 7th Floor, Phone: 1-800-854-5674, J.P. Morgan Securities Inc., at 270 Park Ave., New York, NY 10017, Attention: High Grade Syndicate Desk -- 8th Floor, Phone: 212-834-4533 and UBS Securities LLC, 299 Park Avenue, New York, NY 10171, Attention: Prospectus Specialist, Phone: 877-827-6444, ext. 561-3884.

With assets of approximately $23 billion, Ameren serves approximately 2.4 million electric customers and almost one million natural gas customers in a 64,000-square-mile area of Missouri and Illinois. Ameren owns a diverse mix of electric generating plants strategically located in its Midwest market with a generating capacity of more than 16,400 megawatts.

SOURCE Ameren Corporation