The AES Corporation (NYSE: AES) has announced its intention to offer senior notes in a registered public offering. The company plans to use the net proceeds from this offering to fund the purchases of its 3.300% senior notes due 2025 in a tender offer, as well as to pay certain related fees and expenses. The remaining net proceeds from the offering will be used to retire certain outstanding indebtedness and for general corporate purposes.
Citigroup Global Markets Inc., BNP Paribas Securities Corp., BofA Securities, Inc., MUFG Securities Americas Inc., and Santander US Capital Markets LLC are acting as joint book-running managers of the proposed offering.
AES has previously filed an effective shelf registration statement related to the notes with the Securities and Exchange Commission (SEC). The offering and sale of the notes will be made by means of a prospectus supplement dated March 12, 2025, and an accompanying base prospectus dated March 11, 2025.
Before investing, potential investors are advised to read the prospectus and the preliminary prospectus supplement in the registration statement, as well as other documents filed by AES with the SEC, for a more comprehensive understanding of the company and the offering.
As of the latest press release, the company's stock is trading on the NYSE under the ticker symbol AES. Furthermore, AES is described as a Fortune 500 global energy company dedicated to accelerating the future of energy and delivering greener, smarter energy solutions. The company's workforce is committed to continuous innovation and operational excellence, while working with customers on their strategic energy transitions and meeting their energy needs today. As a result of these announcements, the company's shares have moved -1.4% on the market, and are now trading at a price of $11.82. Check out the company's full 8-K submission here.
