PEORIA, Ill., Nov. 6 /PRNewswire-FirstCall/ -- CILCORP Inc. ("CILCORP"), a wholly owned subsidiary of Ameren Corporation (NYSE: AEE), announced today that it has commenced a cash tender offer (the "tender offer") for any and all of its outstanding 9.375% senior bonds due 2029 (CUSIP No. 171794 AF7) (the "bonds"). Currently $210,565,000 aggregate principal amount of bonds are outstanding.
Concurrently with the tender offer, CILCORP is soliciting consents (the "consent solicitation") from the holders of the bonds to certain proposed amendments (the "proposed amendments") to the indenture governing the bonds (the "indenture"). The proposed amendments would eliminate certain restrictive covenants in the indenture and the bonds.
The complete terms and conditions of the tender offer and the consent solicitation are set forth in an offer to purchase and consent solicitation statement dated November 6, 2009 ("offer to purchase") and the related letter of transmittal and consent. The following is a brief summary of certain key elements of the tender offer and the consent solicitation:
J.P. Morgan Securities Inc. is the Dealer Manager for the tender offer and the 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 tender offer and the 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 tender offer or the consent solicitation in any jurisdiction in which it is unlawful to make such an offer or solicitation in such jurisdiction. The tender offer and the consent solicitation are only being made pursuant to the offer to purchase and the related letter of transmittal and consent.
CILCORP is an Ameren Corporation subsidiary that operates as a holding company for Central Illinois Light Company ("CILCO") and a merchant generation subsidiary. CILCO operates a rate-regulated electric transmission and distribution business, a merchant electric generation business (through its subsidiary, AmerenEnergy Resources Generating Company) and a rate-regulated natural gas transmission and distribution business 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, a merchant generation wholly owned subsidiary of CILCO, owns 1,125 megawatts of coal-fired electric generating capacity and has 15 megawatts of oil-fired electric generating capacity.
SOURCE: Ameren Corporation
Web site: http://www.ameren.com/