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CILCORP Commences Cash Tender Offer For 9.375% Senior Bonds - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

CILCORP Inc., a wholly owned subsidiary of Ameren Corp. (AEE), said that it has commenced a cash tender offer for any and all of its outstanding 9.375% senior bonds due 2029. The tender offer will expire on December 7.

Currently $210.57 million aggregate principal amount of bonds are outstanding, the company noted.

Concurrently with the tender offer, CILCORP is soliciting consents from the holders of the bonds to certain proposed amendments to the indenture governing the bonds.

The total consideration for each $1,000 principal amount of bonds validly tendered on or prior to the consent date is $1,210.00, which includes a payment of $50.00 per $1,000 principal amount of the bonds tendered on, or prior to, the consent date.

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