Company: AILIM
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001002910-25-000112
Chunk: 83

Company: Ameren Illinois Co
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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 less a spread of 75 basis points, and will be subject to decrease on certain dates specified in the forward sale agreements by specified amounts related to expected dividends on shares of the common stock during the term of the forward sale agreements. If the overnight bank funding rate is less than or more than the spread on any day, the interest rate factor will result in a reduction or an increase, respectively, of the forward sale price. The forward sale agreements will be physically settled unless Ameren elects to settle in cash or to net share settle.At June 30, 2025, Ameren could have settled the forward sale agreements with physical delivery of 12.2 million shares of common stock to the respective counterparties in exchange for cash of $1.1 billion. Alternatively, the forward sale agreements could have also been net settled at June 30, 2025, with delivery of approximately $58 million of cash or approximately 0.6 million shares of common stock to the counterparties. In connection with the forward sale agreements outstanding at June 30, 2025, the various counterparties, or their affiliates, borrowed from third parties and sold 12.2 million shares of common stock. The gross sales price of these shares totaled $1.1 billion. Ameren does not receive any proceeds from such sales of borrowed shares. The forward sale agreements have been classified as equity transactions.In March 2025, Ameren (parent) issued $750 million of 5.375% senior unsecured notes due March 2035, with interest payable semiannually on March 15 and September 15 of each year, beginning September 15, 2025. Net proceeds from this issuance were used for general corporate purposes, including the repayment of short-term debt.In June 2025, Ameren (parent) purchased senior secured notes and first mortgage bonds issued by Ameren Missouri and first mortgage bonds issued by Ameren Illinois for $24 million in the aggregate. On a consolidated basis, Ameren (parent)’s repurchase of these senior secured notes and first mortgage bonds were accounted for as a debt extinguishment and resulted in a pre-tax gain of $8 million, which is reflected in “Other Income, Net” on Ameren’s consolidated statement of income. Interest expense related to repurchased bonds was $1 million for both the three and six months ended June 30, 2025.Ameren MissouriIn April 2025, Ameren Missouri issued