Loan & DebtAug 5, 2026, 04:19 PM
AES Extends Citi, SMBC Credit Agreement Termination Dates
AI Summary
The AES Corporation entered into amendments for two credit agreements on August 5, 2026. The termination date for the revolving commitments under the Citi Credit Agreement was extended from August 23, 2027, to August 23, 2028. Similarly, the termination date for the SMBC Credit Agreement's revolving commitments will be extended from December 6, 2026, to December 6, 2027. Additionally, all commitments related to Green Outstanding Credits and Green Letters of Credit under the Citi Credit Agreement were terminated and reallocated.
Key Highlights
- Citi Credit Agreement termination date extended from August 23, 2027, to August 23, 2028.
- SMBC Credit Agreement termination date to be extended from December 6, 2026, to December 6, 2027.
- Commitments for Green Outstanding Credits and Green Letters of Credit under Citi agreement terminated.
- Outstanding Green Advances reallocated as standard advances under the Citi Credit Agreement.
- Waivers granted for timing, notice, and minimum extension requirements for both amendments.
Price Impact
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