Ameren Corporation & Union Electric Company - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed on January 27, 2005, by Ameren Corporation and its subsidiary, Union Electric Company. The filing reports a specific corporate event regarding a debt offering rather than providing periodic financial results.
Key Financial Metrics
The filing details a debt issuance event with the following metrics:
- Debt Issuance: $85,000,000 principal amount.
- Instrument: 5.00% Senior Secured Notes due 2020.
- Issuer: Union Electric Company.
- Underwriters: Banc of America Securities LLC and Wachovia Capital Markets, LLC.
- Revenue, Profit, Cash Flow, Margins, Liquidity: The filing text does not provide a clear value for these operational metrics as this is a transaction-specific report.
Material Changes
The material change reported is the successful issuance and sale of the $85 million Senior Secured Notes. This transaction was executed pursuant to a Registration Statement on Form S-3 declared effective on September 5, 2003, and a Prospectus Supplement dated January 24, 2005.
Outlook, Risks, and Management Commentary
The filing contains no management commentary, forward-looking guidance, or discussion of risks beyond the standard legal opinions regarding the legality of the Notes. The document serves primarily to disclose the execution of the underwriting agreement and the establishment of the Notes.
Investor Verification Checklist
- Verify the terms of the 5.00% Senior Secured Notes due 2020 in the attached Indenture (Exhibit 4.1) and Supplemental Indenture (Exhibit 4.4).
- Review the Underwriting Agreement (Exhibit 1.1) for details on the sale process and underwriter commitments.
- Confirm the use of proceeds from the $85 million offering by referencing the Prospectus Supplement dated January 24, 2005 (not included in this text).
- Check subsequent filings for the impact of this new debt on the company's overall leverage ratios and liquidity position.