AES Corp.
AES Corporation Completes $500M Notes Offering
Summary
On December 6, 2024, AES Corporation completed its offering of $500 million aggregate principal amount of 6.950% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. The offering was made pursuant to AES' automatic shelf registration statement on Form S-3. The notes were issued at 99.985% of the principal amount and will be used to repay existing indebtedness and for general corporate purposes. Interest on the notes accrues from December 6, 2024, and is payable semi-annually. The notes may be redeemed by AES at its option under certain conditions.
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About AES Corp.
AES Corp. is a global power company engaged in the generation and distribution of electricity. With a diverse portfolio that includes thermal and renewable energy solutions, AES operates across four continents, highlighting its significant role in driving the transition towards sustainable energy. The company's primary function is to provide reliable and affordable power, contributing to many infrastructure projects and energy solutions worldwide. AES Corp. is a key player in sectors such as utilities and clean energy, strategically investing in technologies like battery storage and innovative grid systems to enhance efficiency and sustainability. As part of its market significance, AES helps fuel the global economy's demand for energy while aligning its objectives with global climate goals. The corporation's extensive network allows it to cater to a broad range of customers, from governments and industrials to residential consumers, solidifying its reputation as a versatile and forward-thinking energy supplier.
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