Business Context and Reporting Period
This Form 8-K Current Report was filed on December 3, 2018, by Ameren Corporation, Union Electric Company (Ameren Missouri), and Ameren Illinois Company. The filing addresses a material definitive agreement regarding the extension of credit facility maturities.
Key Financial Metrics
The filing does not report revenue, profit, cash flow, margins, or specific debt balances. It focuses exclusively on the terms of existing credit facilities:
- Missouri Credit Agreement: $1 billion facility.
- Illinois Credit Agreement: $1.1 billion facility.
- Agent: JPMorgan Chase Bank, N.A.
Material Changes
Effective December 3, 2018, the registrants extended the maturity dates of all commitments under their respective credit agreements:
- Missouri Credit Agreement: Maturity extended from December 7, 2021, to December 7, 2022.
- Illinois Credit Agreement: Maturity extended from December 7, 2021, to December 7, 2022.
- Future Extension Option: Both agreements allow for an additional one-year extension upon mutual consent of borrowers and lenders.
Guidance, Outlook, and Risks
The filing references the "Outlook" sections of the registrants' 2018 Form 10-Q and 2017 Form 10-K for further discussion on liquidity and credit facility borrowings but does not provide new guidance or commentary within this document. No new risks or contingencies are disclosed beyond the standard terms of the credit agreement extensions.
Investor Verification Checklist
- Verify the specific terms and covenants of the Amended and Restated Credit Agreements dated December 7, 2016.
- Review the "Short-term Debt and Liquidity" notes in the most recent Form 10-Q and Form 10-K for current utilization levels of the $1 billion and $1.1 billion facilities.
- Confirm the conditions required for the optional one-year extension of the maturity dates.