---
schema_version: "secwatch.filing_event.v1"
accession: "0000728391-24-000022"
form_type: "8-K"
ticker: null
cik: "0000728391"
company_name: "IPALCO ENTERPRISES, INC."
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-05T00:13:24.708829+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# IPALCO and AES Indiana issue $1.05B in debt to refinance existing obligations; bonds at 5.700% and notes at 5.750%

## Summary
- AES Indiana issued $650M in 5.700% First Mortgage Bonds; closing expected March 18, 2024.
- IPALCO issued $400M in 5.750% Senior Secured Notes; closing expected March 14, 2024.
- AES Indiana bond proceeds to repay $300M term loan due Nov 2024 and $350M revolving credit due Dec 2027.
- IPALCO note proceeds to finance repurchase or redemption of $405M outstanding 3.70% Senior Secured Notes due 2024.
- Bonds secured by first mortgage lien on AES Indiana property; Notes secured by pledge of AES Indiana common stock.

## SEC filing metadata
- accession: 0000728391-24-000022
- form_type: 8-K
- cik: 0000728391
- company_name: IPALCO ENTERPRISES, INC.
- filed_at: 2024-03-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/728391/000072839124000022/0000728391-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/728391/000072839124000022/cik0000728391-20240307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000728391-24-000022
- JSON: https://secwatch.observer/filing/0000728391-24-000022.json
- Plain text: https://secwatch.observer/filing/0000728391-24-000022.txt

## Key facts
- Material Agreements
  IPALCO ENTERPRISES, INC. entered into AES Indiana Purchase Agreement with J.P. Morgan Securities LLC, PNC Capital Markets LLC and U.S. Bancorp Investments, Inc., as representatives valued at $650 million (effective 2024-03-07).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: J.P. Morgan Securities LLC, PNC Capital Markets LLC and U.S. Bancorp Investments, Inc., as representatives
  - Value: $650 million
  - Effective: 2024-03-07
  source text: On March 7, 2024, the principal subsidiary of IPALCO Enterprises, Inc. (“IPALCO”), Indiana Power & Light Company, d/b/a AES Indiana (“AES Indiana”) entered into a purchase agreement (the “AES Indiana Purchase Agreement”) with J.P. Morgan Securities LLC, PNC Capital Markets LLC and U.S. Bancorp Investments, Inc., as representatives (collectively, the “Representatives”) of the several initial purchasers named therein (the “AES Indiana Initial Purchasers”), relating to the previously announced offering by AES Indiana of $650 million aggregate principal amount of First Mortgage Bonds (the “Bonds”) at an annual interest rate of 5.700%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/728391/000072839124000022/0000728391-24-000022-index.htm
- Material Agreements
  IPALCO ENTERPRISES, INC. entered into IPALCO Purchase Agreement with J.P. Morgan Securities LLC, PNC Capital Markets LLC and U.S. Bancorp Investments, Inc., as representatives valued at $400 million (effective 2024-03-08).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: J.P. Morgan Securities LLC, PNC Capital Markets LLC and U.S. Bancorp Investments, Inc., as representatives
  - Value: $400 million
  - Effective: 2024-03-08
  source text: on March 8, 2024, IPALCO entered into a purchase agreement (the “IPALCO Purchase Agreement”) with the Representatives, as representatives of the several initial purchasers named therein (the “IPALCO Initial Purchasers”), relating to the sale by IPALCO of $400 million aggregate principal amount of senior secured notes (the “Notes”) at an annual interest rate of 5.750%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/728391/000072839124000022/0000728391-24-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.