Analyst Summary
- AES Corporation will offer $800 million aggregate principal amount of its 5.800% Senior Notes due 2032 at a public offering price of 100.000% of the principal amount thereof.
- The closing of the offering of the Notes is expected to occur on March 20, 2025, subject to certain customary conditions.
- AES intends to use the net proceeds from the offering of the Notes to fund the concurrent tender offer to purchase any and all of its outstanding 3.300% Senior Notes due 2025 and to pay certain related fees and expenses.
- The Company intends to use any remaining net proceeds from the proposed offering after completion of the Tender Offer to retire certain other outstanding indebtedness and for general corporate purposes.