ARLINGTON, Va., May 16, 2024
/PRNewswire/ -- The AES Corporation (NYSE: AES) ("AES" or the
"Company") announced today the pricing of $950,000,000 million aggregate principal amount
of its 7.600% fixed-to-fixed rate reset junior subordinated green
notes due 2055 (the "Notes"). The closing of the offering of the
Notes is expected to occur, subject to certain customary closing
conditions, on May 21, 2024
(T+3).
AES intends to allocate an amount equal to the net proceeds from
this offering to one or more eligible green projects, which may
include the development or redevelopment of such projects. Pending
such allocation, AES intends to use the net proceeds from the
proposed offering for general corporate purposes.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC,
Mizuho Securities USA LLC, Morgan
Stanley & Co. LLC and SMBC Nikko Securities America, 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 May
16, 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 Citigroup Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at
prospectus@citi.com or by calling 800-831-9146; from Goldman Sachs
& Co. LLC, Attention: Prospectus Department, 200 West Street,
New York, NY 10282, telephone
1-866-471-2526, facsimile: 212-902-9316 or by emailing
prospectus-ny@ny.email.gs.com; from Mizuho Securities USA LLC, 1271 Avenue of the Americas,
New York, NY 10020, Attention:
Debt Capital Markets Syndicate or by phone at 866-271-7403; 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 SMBC
Nikko Securities America, Inc., Attention: Debt Capital Markets,
277 Park Avenue, New York, NY or
by calling 888-868-6856.
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, the
ultimate allocation of amounts relating to the offering of the
Notes to eligible green projects and other expected effects of the
offering of the Notes and anticipated use of our shelf registration
statement, 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
Media Contact: Amy Ackerman
703-682-6399
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SOURCE The AES Corporation