AES CORP (AES): debt financing — AES closes $900M 5.450% senior notes due 2028 issuance

AES CORP

Completed offering of $900M aggregate principal of 5.450% Senior Notes due June 1, 2028.
Notes issued at 99.940% of par; interest payable June 1 and Dec 1, starting Dec 1, 2023.
Net proceeds allocated to eligible green projects, refinancing, renewables, or utilities.
Make-whole redemption allowed before May 1, 2028; thereafter at 100% of principal.
Change of control trigger requires repurchase at 101% of principal plus accrued interest.

item 1.01 item 2.03 item 9.01

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

AES CORP incurred senior notes of $900,000,000 aggregate principal amount at 5.450% per annum maturing June 1, 2028.

Instrument: senior notes
Principal: $900,000,000 aggregate principal amount
Rate: 5.450% per annum
Maturity: June 1, 2028
Event: incurrence

Exact text from the filing

On May 17, 2023, The AES Corporation (the “Company” or “AES”) completed its previously announced offering of $900,000,000 aggregate principal amount of its 5.450% Senior Notes due 2028 (the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AES CORP entered into "Twenty-Eighth Supplemental Indenture" with Deutsche Bank Trust Company Americas, as Trustee valued at $900,000,000 aggregate principal amount of its 5.450% Senior Notes due 2028 (effective 2023-05-17).

Action: entry
Agreement: notes offering
Counterparty: Deutsche Bank Trust Company Americas, as Trustee
Value: $900,000,000 aggregate principal amount of its 5.450% Senior Notes due 2028
Effective: 2023-05-17

Exact text from the filing

The Notes were issued on May 17, 2023 pursuant to a Senior Indenture, dated as of December 8, 1998 (the “Base Indenture”), as amended and supplemented by a ninth supplemental indenture, dated as of April 3, 2003 (the “Ninth Supplemental Indenture”) and the twenty-eighth supplemental indenture, dated as of May 17, 2023 (the “Twenty-Eighth Supplemental Indenture"

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AES CORP entered into "Underwriting Agreement" with J.P. Morgan Securities LLC and Barclays Capital Inc., as representatives of the several underwriters (effective 2023-05-15).

Action: entry
Agreement: underwriting
Counterparty: J.P. Morgan Securities LLC and Barclays Capital Inc., as representatives of the several underwriters
Effective: 2023-05-15

Exact text from the filing

In connection with the issuance of the Notes, the Company entered into an Underwriting Agreement (the “Underwriting Agreement”), dated May 15, 2023, among AES and J.P. Morgan Securities LLC and Barclays Capital Inc., as representatives of the several underwriters listed in Schedule A to the Underwriting Agreement.

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AES CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-147036

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