ARLINGTON, Va., Dec. 4, 2024
/PRNewswire/ -- The AES Corporation (NYSE: AES) ("AES")
announced today the pricing of $500
million aggregate principal amount of its 6.950%
fixed-to-fixed reset rate junior subordinated notes due 2055 (the
"Notes"). The closing of the offering of the Notes is expected to
occur, subject to certain customary closing conditions, on
December 6, 2024 (T+2).
AES intends to use the net proceeds from the proposed offering
to repay existing indebtedness, including borrowings under the
revolving facility of its senior credit facility, and for general
corporate purposes.
J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Morgan
Stanley & Co. LLC and Credit Agricole Securities (USA) Inc. are acting as joint book-running
managers of the proposed offering.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor does it
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful. An effective
shelf registration statement related to the Notes has previously
been filed by AES with the Securities and Exchange Commission (the
"SEC"). The offering and sale of the Notes are being made only by
means of a prospectus supplement dated December 4, 2024 and an accompanying base
prospectus dated March 2, 2022
related to the offering. Before you invest, you should read the
prospectus and the preliminary prospectus supplement in that
registration statement and other documents AES has filed with the
SEC for more complete information about AES and this offering. You
may get these documents for free by visiting EDGAR on the SEC
website at www.sec.gov. Alternatively, copies of the prospectus
supplement and related base prospectus related to this offering may
be obtained from J.P. Morgan Securities LLC, Attention: Investment
Grade Syndicate Desk, 3rd Floor, 383 Madison Avenue,
New York, NY 10179, or call
collect at 1-212-834-4533; from Wells Fargo Securities, LLC,
Attention: WFS Customer Service, 608 2nd Avenue South,
Suite 1000, Minneapolis, MN 55402,
by phone at 1-800-645-3751 or by email at
wfscustomerservice@wellsfargo.com; from Morgan Stanley & Co.
LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014 or by
phone at 1-866-718-1649; or from Credit Agricole Securities
(USA) Inc., Attention Debt Capital
Markets, 1301 Avenue of the Americas, 8th Floor,
New York, NY 10019.
About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy
company accelerating the future of energy. Together with our many
stakeholders, we're improving lives by delivering the greener,
smarter energy solutions the world needs. Our diverse workforce is
committed to continuous innovation and operational excellence,
while partnering with our customers on their strategic energy
transitions and continuing to meet their energy needs today.
Safe Harbor Disclosure
This news release contains forward-looking statements within the
meaning of the Securities Act of 1933 and of the Securities
Exchange Act of 1934. Forward-looking statements are not intended
to be a guarantee of future results, but instead constitute AES'
current expectations based on reasonable assumptions. Such
forward-looking statements include, but are not limited to, our
financing plans, including the offering of the Notes and the
details thereof, the proposed use of proceeds therefrom, and other
expected effects of the offering of the Notes, which are subject to
risks and uncertainties, such as our continued eligibility to use
the shelf registration statement, general economic conditions and
other risks and uncertainties.
Actual results could differ materially from those projected in
AES' forward-looking statements due to risks, uncertainties and
other factors. Important factors that could affect actual results
are discussed in the prospectus supplement related to the offering
and AES' filings with the SEC, including, but not limited to, the
risks discussed under Item 1A: "Risk Factors" and Item 7:
"Management's Discussion & Analysis" in AES' 2023 Annual Report
on Form 10-K and in subsequent reports filed with the SEC.
Potential investors are encouraged to read AES' filings to learn
more about the risk factors associated with AES' business. AES
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except where required by law.
Investor Contact: Susan Harcourt
703-682-1204, susan.harcourt@aes.com
Media Contact: Amy Ackerman 703-682-6399,
amy.ackerman@aes.com
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SOURCE The AES Corporation