Ameren’s $2.6 Billion of Revolving Credit Facilities

Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with the arrangement of $2.6 billion of revolving credit facilities made available to Ameren Corporation and Union Electric Company (the “Missouri Borrowers”) and Ameren Corporation and Ameren Illinois Company (the “Illinois Borrowers”). Ameren Corporation is an American power company that engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. The facilities consisted of a $1.4 billion revolving credit facility (Missouri Borrowers) and $1.2 billion revolving credit facility (Illinois Borrowers). The transaction closed on December 6, 2022.

The Cravath team included partner Tatiana Lapushchik and associate Diane K. Mokoro on banking matters, partner Arvind Ravichandran and associate Alissa B. Fromkin on tax matters, and senior attorney Annmarie M. Terraciano on environmental matters. Anthony J. Grisafi also worked on tax matters.