#United States #Senior Notes #Arlington #Tender Offer #AES Corporation

AES Corporation Announces Tender Offer Pricing Details

The AES Corporation (NYSE: AES) has recently made headlines with the announcement of its cash tender offer for all outstanding 3.300% Senior Notes maturing in 2025. The company is aiming to enhance its capital structure by purchasing these notes, and it has laid out specific pricing terms in its recent disclosure. This strategic move indicates AES's commitment to optimizing its financial positioning while providing opportunities for current note holders.

The tender offer—which is part of AES's broader financial strategy—was formally announced on March 12, 2025, and comes with a set of clearly defined terms and conditions outlined in the Offer to Purchase documents. These documents detail what holders of the notes can expect in terms of pricing and other important elements. Current holders, referred to as 'Holders,' are encouraged to thoroughly review these documents before making decisions.

Tender Offer Highlights

As of the latest update, AES is offering a purchase price of $995.97 for each $1,000 principal amount of the Senior Notes that are validly tendered and accepted in the offer. The purchase price was calculated based on a fixed spread of 25 basis points in addition to the yield on the U.S. Treasury reference security due July 15, 2025. This advantageous offer is further supplemented by accrued interest from the last interest payment date until the settlement date, which is anticipated to be March 21, 2025.

Important Dates and Conditions

The tender offer is set to expire at 5:00 PM New York City time on March 18, 2025. However, AES retains the right to extend, modify, or terminate the offer at its discretion. Holders of the Senior Notes can withdraw their tenders at any time before the expiration of the offer. Notably, the successful completion of this tender offer requires AES to secure debt financing and fulfill various conditions outlined as part of the financing requirement. This meticulous process ensures that the transaction can proceed smoothly.

Contact and Additional Information

AES has appointed Citigroup Global Markets Inc. as the Dealer Manager for the tender offer, while Global Bondholder Services Corporation will act as the Information and Tender Agent. Stakeholders interested in more information can reach out to Citigroup or visit the dedicated tender offer website.

About AES Corporation

Founded with the goal of transforming energy delivery, the AES Corporation has emerged as a significant player in the global energy market. Known for its dedication to sustainability, the company is focused on providing innovative, greener energy solutions that cater to the needs of various stakeholders. As a Fortune 500 company, AES is committed to achieving operational excellence through a diverse workforce and ongoing innovation in energy solutions.

In summary, AES's strategic tender offer not only reflects its proactive approach to corporate finance but also presents an opportunity for holders of the 3.300% Senior Notes to reassess their position in light of favorable market conditions. With more details provided in the Offer Documents, AES is paving the way for a successful financial maneuver that could have significant implications for its future operations.