Business
Ameren Announces Public Offering of Common Stock with a Forward Component
Ameren Corporation (NYSE: AEE) announced today the offering of $520,000,000 of shares of its common stock in an underwritten offering. 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
About this update from Ameren Corporation
[{"type":"text","content":"ST. LOUIS, May 12, 2025 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) announced today the offering of $520,000,000 of shares of its common stock in an underwritten offering. 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 book-running managers for the offering.","length":621,"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 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.","length":212,"tagName":"p"},{"type":"text","content":"Ameren expects to enter into forward sale agreements with certain of the underwriters or affiliates thereof, each in its capacity as forward counterparty (the "forward counterparties"), under which Ameren will agree to issue and sell to the forward counterparties an aggregate of $520,000,000 of shares of its common stock at an initial forward sale price per share equal to the price per share at which the underwriters purchase the shares in the offering, subject to certain adjustments, upon physical settlement of the forward sale agreements. In addition, the underwriters expect to be granted a 30-day option to purchase up to an additional $78,000,000 of shares of Ameren's common stock upon the same terms. If the underwriters exercise...