IPALCO Enterprises, Inc. Extends Expiration Time for Consent Solicitations to Benefit Holders

IPALCO Enterprises, Inc. Extends Consent Solicitation Period

IPALCO Enterprises, Inc., a prominent energy provider, has recently made headlines by extending the expiration time for its previously announced consent solicitations concerning its senior notes. This decision extends the deadline to 5:00 PM New York City time on March 27, 2026, a crucial update for the holders of the company's 4.25% Senior Notes due 2030 and 5.75% Senior Notes due 2034.

This extension was prompted by the need for more time for eligible holders to submit their consents regarding proposed amendments to the indentures of these notes. Before this extension, the expiration was set for March 24, 2026. As of that date, approximately 31% of the holders of the 2030 Notes and 25% of the holders of the 2034 Notes had already provided their consents. The current extension allows interested parties to further consider their actions without the immediate pressure of an impending deadline.

Under the terms of the solicitation, the aggregate consent payments stand at $1,187,500 for the 2030 Notes and $1,000,000 for the 2034 Notes. These payments will be distributed among all holders who validly submit their consents prior to the new expiration time, ensuring an equitable approach to the process. Notably, holders who have already delivered their consents are not required to take any further action due to this extension.

The proposed amendments are part of a move to fortify the existing financial structure of IPALCO, which operates under the larger AES Corporation umbrella, a Fortune 500 entity focused on renewable energy and innovation.

Goldman Sachs & Co. and Citigroup Global Markets are serving as the solicitation agents for this process, guiding holders through the consent solicitation with transparency and support. Global Bondholder Services Corporation is tasked with information dissemination and consent tabulation, ensuring that all parties remain informed throughout the extension period.

This announcement emphasizes IPALCO's commitment to providing clarity and flexibility during significant restructuring efforts. Holders of the notes are encouraged to review the terms laid out in the consent solicitation statement dated March 5, 2026, with subsequent supplements released on March 16 and March 19, detailing the implications of the proposed amendments.

With energy demands ever-increasing, such strategic financial adjustments are crucial for companies like IPALCO to maintain their competitive edge in a rapidly evolving industry. The extension not only benefits current investors but also paves the way for operational enhancements that align with sustainable energy initiatives.

Questions relating to the consent solicitation or the new timelines can be directed to the solicitation agents, who are prepared to assist with any inquiries.

This press release serves purely informative purposes and is not an offer to sell securities or a solicitation for investment. IPALCO continues to prioritize maintaining regulatory compliance while serving its diverse customer base, comprised of over 533,000 residential and commercial accounts in Indianapolis, Indiana.

In summary, the extension of the consent solicitation period by IPALCO represents a significant development for stakeholders in the energy sector, spotlighting the necessary navigation through complex financial landscapes in pursuit of operational excellence and strategic growth.