AES closes $500M offering of 6.950% junior subordinated notes due 2055

AES CORP

Aggregate principal $500M; priced at 99.985% of par.
Interest at 6.950% per annum through July 15, 2030, then resets at 5-year Treasury + 2.890%.
Matures July 15, 2055; interest payable semi-annually starting July 15, 2025.
Proceeds to repay existing indebtedness and for general corporate purposes.
Notes are junior subordinated; issuer may defer interest for up to 20 consecutive periods.

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