ARLINGTON, Va.--(BUSINESS WIRE)--
The AES Corporation (NYSE: AES) announced that it has priced $500
million aggregate principal amount of 6.00% senior notes due 2026 (the
“Notes”). AES intends to use the net proceeds from the offering of the
Notes to repay or redeem certain of its outstanding debt, including a
portion of its outstanding senior unsecured floating rate notes due
2019, and for general corporate purposes. The closing of the offering of
the Notes is expected to occur, subject to certain customary conditions,
on May 25, 2016.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor does it constitute
an offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful. An effective shelf registration
statement related to the Notes has previously been filed by AES with the
Securities and Exchange Commission (the “SEC”). The offering and sale of
the Notes are being made only by means of a prospectus supplement dated
May 11, 2016 and an accompanying base prospectus dated February 23, 2016
related to the offering, copies of which may be obtained from Morgan
Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, New York 10014, by calling (866) 718-1649 or by
emailing prospectus@morganstanley.com
and Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, New York, 11717, by calling (888) 603-5847 or
by emailing barclaysprospectus@broadridge.com.
About AES
The AES Corporation (NYSE: AES) is a Fortune 200 global power company.
We provide affordable, sustainable energy to 17 countries through our
diverse portfolio of distribution businesses as well as thermal and
renewable generation facilities. Our workforce of approximately 21,000
people is committed to operational excellence and meeting the world’s
changing power needs. Our 2015 revenues were $15 billion and we own and
manage $37 billion in total assets.
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. Such forward-looking statements include, but are not limited to,
the expected closing date of the offering of the Notes and our intended
use of proceeds and anticipated use of our shelf registration statement,
which are subject to risks and uncertainties, such as our continued
eligibility to use the shelf registration statement, general economic
conditions and other risks and uncertainties. Forward-looking statements
are not intended to be a guarantee of future results, but instead
constitute AES’s current expectations based on reasonable assumptions.
Actual results could differ materially from those projected in our
forward-looking statements due to risks, uncertainties and other
factors. Important factors that could affect actual results are
discussed in the prospectus supplement related to the offering and AES’s
filings with the SEC, including, but not limited to, the risks discussed
under Item 1A “Risk Factors” and Item 7 “Management’s Discussion &
Analysis of Financial Condition and Results of Operations” in AES’s 2015
Annual Report on Form 10-K and in subsequent reports filed with the SEC.
Readers are encouraged to read AES’s filings to learn more about the
risk factors associated with AES’s business. AES undertakes no
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Anyone who desires a copy of AES’s 2015 Annual Report on Form 10-K dated
February 24, 2016 may obtain a copy (excluding Exhibits) without charge
by addressing a request to the Office of the Corporate Secretary, The
AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203.
Exhibits also may be requested, but a charge equal to the reproduction
cost thereof will be made.
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Source: The AES Corporation