secwatch.observer — SEC 8-K summary
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Issuer:     AES CORP (AES)
CIK:        0000874761
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0001193125-24-272460
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874761/000119312524272460/0001193125-24-272460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874761/000119312524272460/d563045d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-272460

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