AES Announces Pricing of $575 Million of Senior Notes in Public Offering
The AES Corporation announced that it has priced $575 million aggregate principal amount of 5.500% senior notes due 2025 (the “Notes”). AES intends to use the net proceeds from the offering of the Notes, as well as, if necessary, other available funds, to fund the concurrent tender offers to purchase certain of AES’ outstanding senior notes and to pay certain related fees and expenses. If any net proceeds from this offering remain after completion of the tender offers, AES intends to use such proceeds to retire certain outstanding indebtedness and for general corporate purposes. The closing of the offering of the Notes is expected to occur, subject to certain customary conditions, on April 6, 2015 (T + 3).
The AES Corporation