AES Announces Pricing of $500 Million Fixed-to-Fixed Reset Rate Junior Subordinated Notes in Public Offering

ARLINGTON, Va., Dec. 4, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) ("AES") announced today the pricing of $500 million aggregate principal amount of its 6.950% fixed-to-fixed reset rate junior subordinated notes due 2055 (the "Notes"). The closing of the offering of the Notes is expected to occur, subject to certain customary closing conditions, on December 6, 2024 (T+2).AES intends to use the net proceeds from the proposed offering to repay existing indebtedness, including borrowings under the re ...