AES Announces the Expiration and Results of Cash Tender Offer for Any and All of Its 3.300% Senior Notes due 2025 – AES (NYSE:AES)

ARLINGTON, Va., March 18, 2025/ PRNewswire/– The AES Corporation AES (” AES” or the “Business”) revealed that the formerly revealed tender deal to purchase (the “Tender Deal”) for money, based on specific terms, any and all of its impressive 3.300% Senior Notes due 2025 (the “Securities”) ended at 5:00 p.m., New York City City time, on March 18, 2025 (the “Expiration Time”). Since the Expiration Time, $ 776,214,000 or 86.25%% of the $ 900 million aggregate principal quantity impressive of the Securities had actually been validly tendered and not validly withdrawn (not consisting of any quantity of Securities sent pursuant to the ensured shipment treatments explained in the Deal to Purchase, dated March 12, 2025 (the “Deal to Purchase”) and the associated notification of ensured shipment (the “Notification of Surefire Shipment” and, together with the Deal to Purchase, the “Deal Files”). Payment for the Securities validly tendered and accepted for purchase will be made on March 21, 2025 (the “Settlement Date”).

The following table state specific regards to the Tender Deal:

Holders of the Securities who (i) validly tendered their Securities at or prior to the Expiration Time and did not consequently validly withdraw such Securities at or prior to the Withdrawal Due date, as explained in the Deal Files, or (ii) provided a correctly finished and properly carried out Notification of Surefire Shipment with regard to its Securities at or prior to the Expiration Time with such Securities validly tendered at or prior to the 2nd organization day after the Expiration Time, will be entitled to get the factor to consider (the “Purchase Cost”) of $ 995.97 per $ 1,000 primary quantity of Securities validly tendered and accepted for purchase pursuant to the Tender Deal, plus accumulated and unsettled interest on the Securities from the January 15, 2025 interest payment date approximately, however not consisting of, the Settlement Date.

Closing of the Tender Deal goes through the conditions explained in the Deal to Purchase. Nevertheless, the Funding Condition explained in the Deal to Purchase is anticipated to be pleased on March 20, 2025 upon the closing of AES’ formerly revealed offering of $ 800 million aggregate principal quantity of its 5.800% Senior Notes due 2032.

AES has actually kept Citigroup Global Markets Inc. to function as Dealership Supervisor for the Tender Deal. Worldwide Shareholder Providers Corporation has actually been kept to function as the Details Representative and Tender Representative for the Tender Deal.

This news release does not make up a deal to acquire securities or a solicitation of a deal to offer any securities or a deal to offer or the solicitation of a deal to acquire any brand-new securities, nor does it make up a deal or solicitation in any jurisdiction in which such deal or solicitation is illegal. Capitalized terms utilized in this news release however not otherwise specified herein have actually the significances appointed to them in the Deal Files.

About AES

The AES Corporation AES is a Fortune 500 worldwide energy business speeding up the future of energy. Together with our numerous stakeholders, we’re enhancing lives by providing the greener, smarter energy options the world requires. Our varied labor force is dedicated to constant development and functional quality, while partnering with our consumers on their tactical energy shifts and continuing to satisfy their energy requires today.

Safe Harbor Disclosure

This press release includes positive declarations within the significance of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Positive declarations are not meant to be an assurance of future outcomes, however rather make up AES’ existing expectations based upon affordable presumptions. Such positive declarations consist of, however are not restricted to, the Tender Deal, the information thereof, other predicted impacts of the Tender Deal and the concurrent financial obligation funding to please the Funding Condition and using earnings therefrom.

Real outcomes might vary materially from those forecasted in AES’ positive declarations due to dangers, unpredictabilities and other aspects. Essential aspects that might impact real outcomes consist of the effective closing of the concurrent financial obligation funding to please the Funding Condition, and dangers and unpredictabilities gone over in the Deal to Purchase associated to the Tender Deal and AES’ filings with the Securities and Exchange Commission (the “SEC”), consisting of, however not restricted to, the dangers gone over under Product 1A: “Threat Elements” and Product 7: “Management’s Conversation & & Analysis” in AES’ 2024 Yearly Report on Type 10-K and in any subsequent reports submitted with the SEC. Readers are motivated to check out AES’ filings to find out more about the danger aspects related to AES’ organization. AES carries out no commitment to upgrade or modify any positive declarations, whether as an outcome of brand-new details, future occasions or otherwise, other than where needed by law.

Any shareholder who desires a copy of the Business’s 2024 Yearly Report on Type 10-K submitted March 11, 2025 with the SEC might acquire a copy (omitting the displays thereto) without charge by attending to a demand to the Workplace of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Displays likewise might be asked for, however a charge equivalent to the recreation expense thereof will be made. A copy of the Yearly Report on Type 10-K might be gotten by checking out the Business’s site at www.aes.com.

News Release
Financier Contact: Susan Harcourt, 703-682-1204, susan.harcourt@aes.com
Media Contact: Amy Ackerman, 703-682-6399, amy.ackerman@aes.com

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SOURCE The AES Corporation