Business
Ameren Announces Pricing of Common Stock Offering with a Forward Component
Ameren Corporation (NYSE: AEE) announced today the pricing of an underwritten offering of 5,550,416 shares of its common stock at a price to the public of $94.00 per share. Subject to certain conditions, all shares are expected to be borrowed by the forward counterparties (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC
About this update from Ameren Corporation
[{"type":"text","content":"ST. LOUIS, May 12, 2025 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) announced today the pricing of an underwritten offering of 5,550,416 shares of its common stock at a price to the public of $94.00 per share. Subject to certain conditions, all shares are expected to be borrowed by the forward counterparties (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Barclays and Wells Fargo Securities, LLC are acting as joint lead book-running managers for this offering and as representatives for the underwriters. BofA Securities, Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and RBC Capital Markets, LLC are also acting as book-running managers for this offering. Ameren will issue and sell shares to the underwriters to the extent that the forward counterparties (or their respective affiliates) do not borrow and sell such number of shares. Closing of this offering is expected to occur on or about May 14, 2025.","length":1170,"tagName":"p"},{"type":"image","alt":"Ameren Logo (PRNewsfoto/Ameren Corporation)","displaySize":"","headline":null,"caption":"Ameren Logo (PRNewsfoto/Ameren Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":153,"url":"https://media.zenfs.com/en/prnewswire.com/ff5e71cc9557fbc755f569a1dbdb716c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nP5mQSrW9Yx6TQnCfLom_A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI3MDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/ff5e71cc9557fbc755f569a1dbdb716c","width":400,"height":153}},"href":"https://mma.prnewswire.com/media/1420453/Ameren_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In connection with this offering, Ameren entered into forward sale agreements with each of Goldman Sachs & Co. LLC, JPMorgan Chase Bank, National Association, Barclays Bank PLC and Wells Fargo Bank, National Association (the "forward counterparties"), under which Ameren agreed to issue and sell to the forward counterparties an aggregate of 5,550,416 shares of its common stock. In addition, the underwriters of the offering have been granted a 30-day option ...