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Ameren Unit To Offer $250 Million Of Senior Notes

offerings_lg_225-px_bwNovember 13, 2009 (FinancialWire) — Ameren Corp.’s (NYSE: AEE) Ameren Energy Generating subsidiary is offering $250 million of its 6.30% senior notes, Series I, due 2020. The transaction is scheduled to close on November 17.

The company plans to use the net proceeds to repay outstanding short-term debt incurred to finance capital expenditures and to fund other corporate requirements and for other general corporate purposes.

St. Louis-based Ameren companies serve around 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 electric generating plants located in its Midwest market with a generating capacity of more than 16,300 megawatts.

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