Transforming For Our Future
Financing
Debt Financing
.
On Apr. 1, 2022, Ameren Missouri issued $525 million of
3.90% green first mortgage bonds due 2052
Proceeds to fund capital expenditures and refinance short-term
debt; intend to allocate an amount equal to proceeds to
sustainable projects meeting certain eligibility criteria
Equity Financing
On May 12, 2021, established a $750 million at-the-market
(ATM) equity program to support expected equity needs
through 2023
-
Expected equity issuances in 2022 totaling $300 million¹
As of Apr. 1, entered into forward sale agreements expected to
fulfill 2022 equity needs; expect to issue 3.4 million common
shares by year-end 2022 upon settlement
Pension and Postretirement Benefit Obligations
•
As of Dec 31, 2021, Ameren's pension and postretirement
benefit obligations were 105% and 138% funded,
respectively
Ameren Credit Ratings
and External Debt Balances²
As of Mar. 31, 2022
Ameren
$ in millions Moody's
S&P
Ameren Corporation (Issuer: Baa1/BBB+)
Commercial paper
$466
P-2
A-2
•
Senior unsecured long-term debt
Ameren Missouri (Issuer: Baa1/BBB+)
Commercial paper
$2,550
Baa1
BBB
$528
P-2
A-2
•
Senior secured long-term debt³
Ameren Illinois (Issuer: A3/BBB+)
$5,421
A2
A
Commercial paper
$107
P-2
A-2
•
Senior secured long-term debt
ATXI (Issuer: A2/--)
$4,438
A1
A
Senior unsecured long-term debt
$525
A2
2 Debt balances exclude unamortized debt expense, unamortized discount / premium, and
financing obligations related to certain energy centers. A credit rating is not a recommendation
to buy, sell, or hold any security and may be suspended, revised, or withdrawn at any time.
3 Does not include Ameren Missouri's green first mortgage bonds of $525 million issued on
April 1, 2022.
Issued and effective as of Feb. 18, 2022 Earnings Conference Call.
First Quarter 2022 Earnings | May 6, 2022
17View entire presentation