PEORIA, Ill., April 30 /PRNewswire-FirstCall/ -- CILCORP Inc., a wholly owned subsidiary of Ameren Corporation , announced today that it has terminated its previously announced cash tender offer and related consent solicitation for any and all of its outstanding 8.700% senior notes due 2009 (CUSIP No. 171794 AE0) (the "2009 notes"). None of the 2009 notes were purchased in the tender offer and consent solicitation, and all 2009 notes previously tendered and not withdrawn will be promptly returned to their respective tendering holders.
With respect to its previously announced cash tender offer (the "2029 tender offer") for any and all of its 9.375% senior bonds due 2029 (CUSIP No. 171794 AF7) (the "2029 notes"), CILCORP announced today that it is further extending the expiration date of the 2029 tender offer from 5:00 p.m., New York City time, on April 30, 2009, to 5:00 p.m., New York City time, on July 31, 2009, unless further extended or earlier terminated by CILCORP in its sole discretion. In addition, CILCORP is also extending the consent date, the last date and time for holders to tender 2029 notes in order to receive the total 2029 consideration (as defined in the offer to purchase described below) with respect to the 2029 notes, from 5:00 p.m., New York City time, on April 30, 2009, to 5:00 p.m., New York City time, on July 31, 2009, unless further extended or earlier terminated by CILCORP in its sole discretion.
Holders validly tendering and not withdrawing 2029 notes on or before the extended consent date will be eligible to receive the corresponding total consideration. In addition, tenders of 2029 notes, including previously tendered 2029 notes, may be withdrawn (and related consents may be revoked) at any time prior to the extended consent date by following the procedures set forth in the offer to purchase. Holders who previously have tendered their 2029 notes do not need to re-tender their 2029 notes or to take any other action in response to the above extensions.
As of 5:00 p.m., New York City time on April 29, 2009, in connection with the related concurrent consent solicitation (the "2029 consent solicitation"), CILCORP has received consents from the holders of $206.7 million, or 98.2%, of the 2029 notes.
Except for the extensions described above, the complete terms and conditions of the 2029 tender offer and the 2029 consent solicitation are set forth in the offer to purchase dated September 3, 2008 ("offer to purchase") and the related letter of transmittal and consent and remain in full force and effect.
Consummation of the 2029 tender offer and the 2029 consent solicitation is subject to a number of conditions, including the absence of certain adverse legal and market developments, as described in the offer to purchase. CILCORP has reserved the right to amend, further extend, terminate, or waive any conditions to the 2029 tender offer and the 2029 consent solicitation at any time.
J.P. Morgan Securities Inc. is the Dealer Manager for the 2029 tender offer and the 2029 consent solicitation and may be contacted at 212-834-4802 (collect calls accepted) or toll free at 866-834-4666. Requests for documents may be directed to Global Bondholder Services Corporation, the Information Agent for the 2029 tender offer and the 2029 consent solicitation, at 212-430-3774 (collect calls accepted) or toll free at 866-857-2200.
This press release does not constitute an offer or an invitation by CILCORP to participate in the 2029 tender offer or the 2029 consent solicitation in any jurisdiction in which it is unlawful to make such an offer or solicitation in such jurisdiction. The 2029 tender offer and the 2029 consent solicitation are only being made pursuant to the offer to purchase and the related letter of transmittal and consent.
CILCORP Inc. is an Ameren Corporation subsidiary that operates as a holding company for Central Illinois Light Company ("CILCO") and a non-rate-regulated subsidiary. CILCO operates a rateregulated electric and natural gas transmission and distribution business and a non-rate-regulated electric generation business through its subsidiary, AmerenEnergy Resources Generating Company, all in Illinois. CILCO supplies electric and gas utility service to portions of central and east central Illinois in areas of 3,700 and 4,500 square miles, respectively, with an estimated population of 0.6 million. CILCO supplies electric service to 214,000 customers and natural gas service to 216,000 customers. AmerenEnergy Resources Generating Company owns 1,125 megawatts of coalfired electric generating capacity and 15 megawatts of oilfired electric generating capacity.
SOURCE: Ameren Corporation
Web site: http://www.ameren.com/