AES intends to allocate an amount equal to the net proceeds from this offering to one or more eligible green projects. Pending such allocation, AES intends to use the net proceeds from this offering to fund purchases of any and all of its 5.500% senior notes due 2025 (the '2025 Notes'), 6.000% senior notes due 2026 (the '6.000% 2026 Notes') and 5.125% senior notes due 2027 (the '2027 Notes' and, together with the 2025 Notes and the 6.000% 2026 Notes, the 'Tender Offer Notes') in tender offers (the 'Tender Offers'), to fully redeem any of the Tender Offer Notes not tendered in connection with the Tender Offers, to fully redeem the
In conjunction with the Tender Offers, AES is soliciting consents to the adoption of certain proposed amendments to the indentures governing the Tender Offer Notes to substantially remove all the restrictive covenants and events of default, as well as to alter the notice requirements for optional redemption with respect to each series of Tender Offer Notes. The closing of the offering of the New Notes is expected to occur, subject to certain customary conditions on
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Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES' current expectations based on reasonable assumptions. Such forward-looking statements include, but are not limited to, our financing plans, including the offering of the New Notes and the details thereof, the proposed use of proceeds therefrom, the ultimate allocation of amounts relating to the offering of the New Notes to eligible green projects, and other expected effects of the offering of the New Notes, the Tender Offers and Consent Solicitations, the details thereof, other expected effects of the Tender Offers and Consent Solicitations and the proposed concurrent debt financing to satisfy the financing condition and the use of proceeds therefrom.
Actual results could differ materially from those projected in AES' forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are in AES' filings with the
Any Stockholder who desires a copy of AES' 2019 Annual Report on Form 10-K filed
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