ARLINGTON, Va., May 15, 2023
/PRNewswire/ -- The AES Corporation (NYSE: AES) ("AES" or the
"Company") announced today its intention to offer, subject to
market and other conditions, senior notes (the "Notes") in a
registered public offering.
AES intends to allocate an amount equal to the net proceeds from
this offering to one or more eligible green projects, which may
include the development or redevelopment of such projects. Pending
such allocation, AES intends to use the net proceeds from the
proposed offering to refinance existing indebtedness, fund
investments in the Company's renewables strategic business unit,
fund investments in its U.S. utilities businesses or for general
corporate purposes.
J.P. Morgan Securities LLC and Barclays Capital Inc., SMBC Nikko
Securities America, Inc., MUFG Securities Americas Inc. and Scotia
Capital (USA) Inc. are acting as
joint book-running managers of the proposed offering.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor does it
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful. An effective
shelf registration statement related to the Notes has previously
been filed by AES with the Securities and Exchange Commission (the
"SEC"). The offering and sale of the Notes are being made only by
means of a prospectus supplement dated May
15, 2023 and an accompanying base prospectus dated
March 2, 2022 related to the
offering. Before you invest, you should read the prospectus and the
preliminary prospectus supplement in that registration statement
and other documents AES has filed with the SEC for more complete
information about AES and this offering. You may get these
documents for free by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, copies of the prospectus supplement and
related base prospectus related to this offering may be obtained
from J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling (866)
803-9204, or from Barclays Capital Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (888) 603-5847,
or by emailing barclaysprospectus@broadridge.com.
About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy
company accelerating the future of energy. Together with our many
stakeholders, we're improving lives by delivering the greener,
smarter energy solutions the world needs. Our diverse workforce is
committed to continuous innovation and operational excellence,
while partnering with our customers on their strategic energy
transitions and continuing to meet their energy needs today. For
more information, visit www.aes.com.
Safe Harbor Disclosure
This news release contains forward-looking statements within the
meaning of the Securities Act of 1933 and of the Securities
Exchange Act of 1934. Such forward-looking statements include, but
are not limited to, our financing plans, including the offering of
the Notes and the details thereof, the proposed use of proceeds
therefrom, the ultimate allocation of amounts relating to the
offering of the Notes to eligible green projects, and other
expected effects of the offering of the Notes, which are subject to
risks and uncertainties, such as our ability to market and sell the
Notes, our continued eligibility to use the shelf registration
statement, general economic conditions and other risks and
uncertainties. Forward-looking statements are not intended to be a
guarantee of future results, but instead constitute AES' current
expectations based on reasonable assumptions.
Actual results could differ materially from those projected in
AES' forward-looking statements due to risks, uncertainties and
other factors. Important factors that could affect actual results
are discussed in the prospectus supplement related to the offering
and AES' filings with the SEC, including, but not limited to, the
risks discussed under Item 1A: "Risk Factors" and Item 7:
"Management's Discussion & Analysis" in AES' 2022 Annual Report
on Form 10-K and in subsequent reports filed with the SEC.
Potential investors are encouraged to read AES' filings to learn
more about the risk factors associated with AES' business. AES
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except where required by law.
Investor Contact: Susan Harcourt 703-682-1204
Media Contact: Amy Ackerman 703-682-6399
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SOURCE The AES Corporation
