IPALCO ENTERPRISES, INC.: debt financing — IPALCO subsidiary AES Indiana enters $500M revolving credit facility maturing 2030

IPALCO ENTERPRISES, INC.

Amended and restated $500M unsecured revolving credit facility; available until March 25, 2030.
Swing line loans up to $50M and letters of credit sublimit of $100M.
Borrower may request up to $200M increase and two one-year extensions subject to lender approval.
Financial covenant limits consolidated total debt to total capitalization ratio to 0.67:1.00.
Proceeds for capex, refinancing, working capital, and general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

IPALCO ENTERPRISES, INC. incurred credit facility of $500 million with PNC Bank, National Association maturing March 25, 2030.

Instrument: credit facility
Principal: $500 million
Counterparty: PNC Bank, National Association
Maturity: March 25, 2030
Event: incurrence

Exact text from the filing

On March 25, 2025 (the “Closing Date”), Indianapolis Power & Light Company, doing business as AES Indiana (“AES Indiana”), the principal subsidiary of IPALCO Enterprises, Inc. (“IPALCO”), entered into a third amended and restated $500 million unsecured revolving credit agreement

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Source: SEC EDGAR

accession 0000728391-25-000026

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