-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GeNLkaD2n+za5EEVKeldnKE2kGtxVTaL/NYnDid6jAX5bOaN0vYYzSxsMusxVKEC 9LchR9qPmHNq6U8ZSnEivQ== 0001104659-08-074728.txt : 20081205 0001104659-08-074728.hdr.sgml : 20081205 20081204191320 ACCESSION NUMBER: 0001104659-08-074728 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20081205 DATE AS OF CHANGE: 20081204 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL ILLINOIS LIGHT CO CENTRAL INDEX KEY: 0000018651 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 370211050 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-155416-01 FILM NUMBER: 081230818 BUSINESS ADDRESS: STREET 1: 300 LIBERTY ST CITY: PEORIA STATE: IL ZIP: 61602 BUSINESS PHONE: 309-677-5230 MAIL ADDRESS: STREET 1: 300 LIBERTY STREET CITY: PEORIA STATE: IL ZIP: 61602 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL ILLINOIS LIGHT CO CENTRAL INDEX KEY: 0000018651 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 370211050 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 300 LIBERTY ST CITY: PEORIA STATE: IL ZIP: 61602 BUSINESS PHONE: 309-677-5230 MAIL ADDRESS: STREET 1: 300 LIBERTY STREET CITY: PEORIA STATE: IL ZIP: 61602 FWP 1 a08-29868_1fwp.htm FWP

 

Filed Pursuant to Rule 433

Registration No. 333-155416-01

 

December 4, 2008

 

Pricing Term Sheet

 

Issuer:

 

Central Illinois Light Company d/b/a AmerenCILCO

Ratings(1):

 

Baa2 (Moody’s)/BBB+ (S&P)/A- (Fitch)

Issue:

 

8.875% Senior Secured Notes due 2013

Offering Size:

 

$150,000,000

Coupon:

 

8.875% per annum

Trade Date:

 

December 4, 2008

Settlement Date:

 

December 9, 2008

Maturity:

 

December 15, 2013

Treasury Benchmark:

 

2.00% due November 30, 2013

US Treasury Spot:

 

102-8+

US Treasury Yield:

 

1.526%

Spread to Treasury:

 

+734.9 basis points

Re-offer Yield:

 

8.875%

Price to Public (Issue Price):

 

99.997%

Gross Proceeds:

 

$149,995,500

Interest Payment Dates:

 

June 15 and December 15, commencing June 15, 2009

Optional Redemption:

 

Make-Whole Call, at any time at a discount rate of Treasury plus 50 basis points

Security:

 

The Senior Secured Notes will be secured by a series of the issuer’s first mortgage bonds

CUSIP:

 

153645BB1

Minimum Denomination:

 

$2,000 x $1,000

Joint Bookrunners:

 

BNP Paribas Securities Corp. and Goldman, Sachs & Co.

 

The pro forma ratio of earnings to fixed charges for the year ended December 31, 2007 was 4.57x.  The pro forma ratio of earnings to fixed charges for the nine months ended September 30, 2008 was 5.98x.

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BNP Paribas Securities Corp. toll-free at 1-800-854-5674 or Goldman, Sachs & Co. toll-free at 1-866-471-2526.

 

(1)                                  Note: A securities rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any other rating. The rating is subject to revision or withdrawal at any time by the assigning rating organization.

 

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