AES obtains lender consents and amends credit agreements to permit change of control in pending going-private merger

AES CORP

AES entered into three credit agreement amendments (March 13 and 16, 2026) to modify change-of-control provisions for the pending merger.
Amendments permit ownership by Global Infrastructure Management, EQT Fund Management, and Qatar Investment Authority, and their affiliates.
Lenders (Citi, SMBC, Barclays) consented to the merger and any resulting change in ownership.
The merger was previously announced on March 2, 2026; these amendments are a step toward closing.
Consent and amendments will cease to be effective if merger agreement is terminated.

Key facts

Extracted from this filing and checked against the source text.

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

AES CORP amended Citi Second Amendment with Citibank, N.A. valued at Amendment to Eighth Amended and Restated Credit Agreement modifying change of control provisions (effective 2026-03-13).

Action: amendment
Agreement: credit facility
Counterparty: Citibank, N.A.
Value: Amendment to Eighth Amended and Restated Credit Agreement modifying change of control provisions
Effective: 2026-03-13

Exact text from the filing

the Company entered into (i) Amendment No. 2 to the Credit Agreement (the “Citi Second Amendment”) on March 13, 2026, by and among the Company, the lenders party thereto and Citibank, N.A., as administrative agent, which amends that certain Eighth Amended and Restated Credit Agreement, dated as of September 24, 2021, by and among the Company, as borrower, the lenders from time to time party thereto and Citibank, N.A., as administrative agent

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

AES CORP amended SMBC First Amendment with Sumitomo Mitsui Banking Corporation valued at Amendment to Credit Agreement modifying change of control provisions (effective 2026-03-16).

Action: amendment
Agreement: credit facility
Counterparty: Sumitomo Mitsui Banking Corporation
Value: Amendment to Credit Agreement modifying change of control provisions
Effective: 2026-03-16

Exact text from the filing

(ii) First Amendment to Credit Agreement (the “SMBC First Amendment”) on March 16, 2026, by and among the Company, the lenders party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent, which amends that certain Credit Agreement, dated as of December 6, 2024, by and among the Company, as borrower, the lenders party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent

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

AES CORP amended Barclays First Amendment with Barclays Bank PLC valued at Amendment to Letter of Credit Agreement modifying change of control provisions (effective 2026-03-16).

Action: amendment
Agreement: credit facility
Counterparty: Barclays Bank PLC
Value: Amendment to Letter of Credit Agreement modifying change of control provisions
Effective: 2026-03-16

Exact text from the filing

(iii) Amendment No. 1 to the Letter of Credit Agreement (the “Barclays First Amendment”) on March 16, 2026, by and among the Company and Barclays Bank PLC, as the bank, which amends that certain Letter of Credit Agreement, dated as of December 8, 2025, by and among the Company, as account party, and Barclays Bank PLC, as the bank

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299 material agreements filed in the last 30 days. Browse all material agreements →

AES CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-116111

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