AES Announces Expiration of Consent Solicitation for its 2032 Notes and Amendment and Extension of Consent Solicitations for its 2028 Notes, 2030 Notes and 2031 Notes

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]