AES Posts New Fixed Income Investor Materials Accessibility StatementSkip NavigationARLINGTON, Va., March 24, 2026 /PRNewswire/ -- Today, The AES Corporation (NYSE: AES) posted new fixed income investor materials to its website, titled "Parent Liquidity Schedules". To download the document, go to the AES website at www.aes.com, then choose Investors, and then Fixed Income Resources & Debt Summary. This presentation will be updated on a quarterly basis.About AESThe AES Corporation (NYSE: AES) is a Fortune 50 ...

With a market cap of $10.1 billion, The AES Corporation (AES) is a global power generation and utility company that operates across four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies. It generates and distributes electricity using a diverse mix of sources including solar, wind, hydro, coal, and gas, serving residential, commercial, industrial, and government customers. Companies valued more than $10 billion are generally considered "large-cap" stocks, and AES Corpora ...

Core Viewpoint - IPALCO Enterprises, Inc. is amending and extending its consent solicitations for its 4.25% Senior Notes due 2030 and 5.75% Senior Notes due 2034 to adopt proposed amendments to the indentures governing these notes [1][2] Summary by Sections Consent Solicitation Details - The expiration time for the consent solicitations has been extended to 5:00 p.m. New York City time on March 24, 2026 [2] - The consent fee for consenting holders has been modified, and previously proposed amendments have been deleted except for the change of control waiver related to the Merger [2][3] Consent Fee Structure - Holders who deliver valid consents will receive a consent fee ranging from $2.50 to approximately $5.00 per $1,000 aggregate principal amount of notes, depending on the amount of consents received [4][3] Merger Context - The consent solicitations are being conducted at the request of Horizon Parent, L.P. in connection with a merger agreement involving The AES Corporation [5] - If the merger is not completed, no consent fees will be paid, and the proposed amendments will not take effect [6] Additional Information for Holders - Holders who have already granted consents do not need to take further action to be eligible for the modified consent fee [7] - Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as solicitation agents for the consent solicitations [8]

Core Viewpoint - AES Corporation has successfully received the necessary consents for its 5.800% Senior Notes due 2032 and is amending and extending consent solicitations for its other notes in connection with a merger agreement with Horizon Parent, L.P. [1][8] Summary by Sections 2032 Notes Consent Solicitation - The consent solicitation for the 2032 Notes expired on March 18, 2026, at 5:00 p.m. New York City time [2] - A supplemental indenture was executed on March 18, 2026, to amend the indenture governing the 2032 Notes, effective upon the consummation of the merger and payment of the consent fee [3] - Holders who delivered valid consents are eligible for a consent fee of $2.50 per $1,000 of the 2032 Notes [4] Revised Consent Solicitations - AES is amending and extending consent solicitations for its 5.450% Senior Notes due 2028, 3.950% Senior Notes due 2030, and 2.450% Senior Notes due 2031 [5] - The expiration time for these revised solicitations has been extended to March 24, 2026 [5] - The consent fee structure has been modified, with potential fees ranging from $2.50 to approximately $5.00 per $1,000 depending on the level of consents received [7] Merger Agreement Context - The consent solicitations are part of the merger agreement dated March 1, 2026, where Horizon Merger Sub, Inc. will merge with AES [8] - If the merger is not completed, no consent payments will be made, and the current terms of the notes will remain in effect [9] - Consent payments are expected to occur concurrently with the merger, anticipated in late 2026 or early 2027 [9] Additional Information - Holders who previously consented do not need to take further action to receive the modified consent fee [10] - Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as solicitation agents for the consent solicitations [11]

Core Viewpoint - Kingston Digital, Inc. has launched the next-generation IronKey Locker+ 50 G2 hardware-encrypted USB flash drive, which offers enterprise-grade security features including FIPS 197 and AES 256-bit hardware encryption in XTS mode, along with protections against BadUSB and Brute Force password attacks [1][4]. Product Features - The LP50 G2 features a premium space grey metal casing and supports both Admin and User passwords with options for Complex or Passphrase modes, allowing for a range of password lengths and complexities [2][7]. - It includes security measures such as locking the User password after 10 failed attempts and crypto-erasing the drive after 10 incorrect Admin password entries, as well as a virtual keyboard to protect against keyloggers [2][7]. - The drive is designed for ease of use, requiring no application installation and is compatible with both Windows and macOS systems [3][7]. Security Certifications - The IronKey lineup, including the LP50 G2, is certified with FIPS 197 by a NIST authorized lab, ensuring high standards of data protection [4][5]. - Kingston leads the industry with three FIPS 140-3 Level 3 validated drives, catering to consumer, enterprise, and government customers [4]. Availability and Support - The Kingston IronKey Locker+ 50 G2 is available in capacities ranging from 32GB to 256GB and is backed by a limited five-year warranty and free technical support [4][5].

Core Viewpoint - DPL LLC is amending and extending its consent solicitation for its 4.35% Senior Notes due 2029, increasing the consent fee and extending the expiration time for the solicitation [1][3]. Group 1: Consent Solicitation Details - The expiration time for the consent solicitation has been extended to 5:00 p.m. New York City time on March 18, 2026 [3]. - The consent fee for holders who grant consents has been increased from $1.00 to $2.50 per $1,000 principal amount of Notes [3][4]. - The payment of the increased consent fee is contingent upon obtaining consent from a majority of the aggregate principal amount of Notes outstanding and the consummation of a merger expected in late 2026 or early 2027 [4]. Group 2: Holder Information - Holders who have previously granted consents do not need to take further action to receive the increased consent fee [5]. - Detailed terms and conditions of the consent solicitation can be found in the consent solicitation statement [5]. Group 3: Company Background - DPL LLC is a regional energy provider and part of AES Corporation, serving over 541,000 customers in West Central Ohio [8]. - The primary subsidiaries of DPL include The Dayton Power and Light Company and Miami Valley Insurance Company [8].

Core Viewpoint - AES Corporation is amending and extending its consent solicitations for various series of senior notes to adopt proposed amendments to the indentures governing these notes [1][2]. Summary by Sections Consent Solicitations - AES has extended the expiration time for its consent solicitations to March 18, 2026, at 5:00 p.m. New York City time [2]. - The consent fee for holders who grant consents has increased from $1.00 to $2.50 per $1,000 principal amount of notes [2]. - The definition of "Permitted Holders" in the proposed amendments has been revised [2]. Conditions and Payment - Payment of the increased consent fee is contingent upon obtaining consent from a majority of the aggregate principal amount of the applicable series of notes and the consummation of a merger [3]. - The increased consent fee is expected to be paid concurrently with the merger's consummation, anticipated in late 2026 or early 2027 [3]. Holder Actions - Holders who have already granted consents do not need to take further action to receive the increased consent fee [4]. Agents Involved - Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as solicitation agents for the consent solicitations [5].

Financial Performance - The AES Corporation reported its fourth-quarter fiscal 2025 results on March 6, with non-GAAP earnings per share of $0.81, exceeding analyst estimates by $0.20 [1] - Revenue for the quarter was $3.1 billion, reflecting a 4.7% year-over-year increase and surpassing the consensus forecast by $30 million [1] Analyst Ratings - Nicholas Amicucci from Evercore ISI reaffirmed a Hold rating on The AES Corporation while maintaining a price target of $15 [2] - Mizuho Securities analyst Anthony Crowdell downgraded The AES Corporation from Outperform to Neutral, also setting a price target of $15, based on the company's agreement to be acquired [3] Acquisition Details - The AES Corporation is set to be acquired by Global Infrastructure Partners and the EQT Infrastructure VI fund for $15 per share in cash, implying a total equity value of approximately $10.7 billion [3] Company Overview - The AES Corporation operates in the Energy Infrastructure, Renewables, New Energy Technologies, and Utilities segments, owning and operating power plants and utilities that generate, transmit, distribute, and sell electricity [4]

Core Insights - The AES Corporation is focusing on long-term Power Purchase Agreements (PPAs) to drive growth, particularly due to rising global electricity demand from data centers and AI infrastructure [1][3] - Long-term PPAs provide stable cash flows and reduce exposure to electricity price volatility, enhancing the financial viability of renewable projects [1][2] PPA Strategy - AES has secured new long-term PPAs for 4 gigawatts (GW) of renewables in 2025 and has a project backlog of 12 GW, with 5.7 GW currently under construction [4][8] - The strategy aligns with the global transition to decarbonized energy systems, as corporate demand for clean power increases [3] Project Financing - PPAs support project financing by guaranteeing future revenues, which encourages lenders and investors to fund new solar and wind projects [2] - AES's agreements include a long-term PPA to supply electricity for Google's new data center in Wilbarger County [5] Earnings Estimates - The Zacks Consensus Estimate indicates a year-over-year EPS increase of 2.56% for 2026 and 1.98% for 2027 [7] - Current estimates for 2026 EPS are projected at $2.40, with a growth estimate of 2.56% [9] Stock Valuation - AES is trading at a forward P/E of 5.93X, significantly below the industry average of 16.59X, indicating a potential undervaluation [10] - In the past three months, AES shares have increased by 2.6%, compared to the industry's growth of 4.4% [12]

Core Viewpoint - IPALCO Enterprises, Inc. has extended the expiration time for its consent solicitations for its 4.25% Senior Notes due 2030 and 5.75% Senior Notes due 2034 to 5:00 p.m. on March 13, 2026, from the previously scheduled March 11, 2026 [1] Company Overview - IPALCO Enterprises, Inc. is a holding company that operates through its subsidiary, Indianapolis Power & Light Company, providing retail electric service to over 533,000 customers in Indianapolis, Indiana [1] - The company is owned by The AES Corporation, a global power company, with CDP Infrastructures Fund L.P. holding a minority interest [1] Consent Solicitations Details - The consent solicitations are being conducted for holders of the company's senior notes, with the terms remaining unchanged except for the extension of the expiration time [1] - Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as solicitation agents, while Global Bondholder Services Corporation serves as the information and tabulation agent [1] Financial Context - The consent solicitations involve the company's 4.25% Senior Notes due 2030 and 5.75% Senior Notes due 2034, which are part of the company's financing strategy [1]