Ameren anticipates using the net proceeds from this offering of its common stock, along with proceeds from its February 2004 issuance of common stock, to pay the cash portion of the purchase price for its pending acquisition of Illinois Power Company from Dynegy Inc. (NYSE: DYN) and Dynegy's 20 percent interest in Electric Energy, Inc., and to reduce Illinois Power debt, assumed as a part of this transaction, and pay related premiums. Pending such use of proceeds, and/or if the acquisition is not completed, Ameren plans to use the net proceeds to reduce current or future indebtedness and/or repurchase securities of Ameren or its subsidiaries.
Goldman, Sachs & Co. is the book-running lead manager and Lehman Brothers Inc. is the co-lead manager for the offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from Goldman, Sachs & Co., at 85 Broad Street, New York, New York, or Lehman Brothers Inc. at 745 Seventh Avenue, New York, New York.
With assets of $14.6 billion, Ameren, through its subsidiaries, serves 1.7 million electric customers and 500,000 natural gas customers in a 49,000-square- mile area of Missouri and Illinois.
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