Company: AILIM
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001002910-25-000055
Chunk: 64

Company: Ameren Illinois Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 64
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 ratings or, if no such ratings are in effect, the borrower’s corporate/issuer ratings then in effect. The borrowers have received commitments from the lenders to issue letters of credit up to $100 million under each of the Credit Agreements. In addition, the issuance of letters of credit is subject to the $2.6 billion overall combined facility borrowing limitations of the Credit Agreements.The borrowers will use the proceeds from any borrowings under the Credit Agreements for general corporate purposes, including working capital, loan funding under the Ameren money pool arrangements, and other short-term affiliate loan arrangements. The Missouri Credit Agreement and the Illinois Credit Agreement are available to support issuances under Ameren (parent)’s, Ameren Missouri’s and Ameren Illinois’ commercial paper programs, respectively, subject to borrowing sublimits, as well as to support issuance of letters of credit for the borrowers. As of December 31, 2024, based on credit capacity available under the Credit Agreements, along with cash and cash equivalents, the net liquidity available to Ameren (parent), Ameren Missouri, and Ameren Illinois, collectively, was $1.4 billion.The following table summarizes the activity and relevant interest rates for Ameren (parent)’s, Ameren Missouri’s, and Ameren Illinois’ commercial paper issuances under the Credit Agreements in the aggregate for the years ended December 31, 2024 and 2023:Ameren (parent)Ameren MissouriAmeren IllinoisAmeren Consolidated2024Average daily amount outstanding$377 $192 $193 $762 Commercial paper issuances outstanding at period-end1,055 — 88 1,143 Weighted-average interest rate5.10 %5.34 %5.57 %5.28 %Peak amount outstanding during period(a)$1,091 $595 $694 $1,569 Peak interest rate5.60 %5.68 %5.68 %5.68 %2023Average daily amount outstanding$726 $274 $166 $1,166 Commercial paper issuances outstanding at period-end— 170 366 536 Weighted-average interest rate5.38 %5.22 %5.23 %5.32 %Peak amount outstanding during period(a)$1,298 $592 $450 $1,526 Peak interest rate5.65 %5.68 %5