AES Corp Issues $1 Billion in Senior Notes Due 2029 and 2033

The AES Corporation has completed its offering of $1 billion in aggregate principal amount of Senior Notes, consisting of $600 million of 5.200% Senior Notes due 2029 and $400 million of 5.750% Senior Notes due 2033. The net proceeds from this offering will be utilized to repay existing indebtedness and for general corporate purposes. The company entered into an Underwriting Agreement with several representatives of underwriters for this issuance. The notes are subject to various redemption provisions, including optional redemption at a 'make whole' price or 100% of principal, redemption at 101% upon a Tax Credit Event, and mandatory repurchase at 101% upon a Change of Control Triggering Event.