Ameren files $1 billion debt, trust preferred, units shelf

New York, Jan. 31 - Ameren Corp. filed a shelf registration with the Securities and Exchange Commission for $1 billion of senior debt, subordinated debt, trust preferred securities, stock purchase contracts and stock purchase units.

The St. Louis, Mo. utility said it would use proceeds to finance its subsidiaries' ongoing construction and maintenance programs, to redeem, repurchase or pay down debt, to finance strategic investments or acquisitions, and for other general corporate purposes.

For the nine months to Sept. 30, 2001, Ameren had an earnings to fixed charge ratio of 5.19 times compared to 4.59 times for all of 2000.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.