Ameren Corp. unit Ameren Energy Generating Co. said Thursday it will sell $250 million of senior notes to help pay off debt.
The St. Louis-based power company said it would offer 6.3 percent senior notes due 2020. The transaction is expected to close on Nov. 17.
The joint book-running managers for the offering are Barclays Capital Inc., Morgan Stanley & Co. Incorporated, RBS Securities Inc. and Scotia Capital (USA) Inc.
Ameren shares fell 23 cents to close at $25.40.