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AES Announces Pricing of $950,000,000 Million Fixed and Adjusted Rate Junior Subordinated Green Notes in Public Offering

ARLINGTON, Virginia., May 16, 2024 /PRNewswire/ — AES Corporation (NYSE: AES) (“AES” or the “Company”) today announced the pricing of 950,000,000 million dollars aggregate principal amount of its 7.600% Fixed Rate and Fixed Rate Junior Subordinated Green Notes due 2055 (the “Notes”). The offering of notes is expected to close, subject to certain customary closing conditions, on May 21, 2024 (T+3).

AES intends to allocate an amount equal to the net proceeds of this offering to one or more eligible green projects, which may include the development or redevelopment of such projects. Pending such distribution, AES intends to use the net proceeds from the proposed offering for general corporate purposes.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities UNITED STATES LLC, Morgan Stanley & Co. LLC and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for the proposed offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. An effective shelf registration statement relating to the Notes has previously been filed by AES with the Securities and Exchange Commission (the “SEC”). The offer and sale of the Notes is being made only by means of a prospectus supplement dated May 16, 2024 and an attached base prospectus dated March 2, 2022 linked to the offer. Before investing, you should read the prospectus and preliminary prospectus supplement contained in this registration statement and other documents that AES has filed with the SEC for more complete information about AES and this offering. You can obtain these documents free of charge by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and related base prospectus relating to this offering may be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by email to (email protected) or by calling 800-831-9146; of Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, telephone 1-866-471-2526, fax: 212-902-9316 or by email (email protected); by Mizuho Securities UNITED STATES LLC, 1271 Avenue of the Americas, New York, New York 10020, Attention: Debt Capital Markets Syndicate or by telephone at 866-271-7403; of Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2sd Ground, New York, New York 10014 or by telephone at 1-866-718-1649; or from SMBC Nikko Securities America, Inc., Attn: Debt Capital Markets, 277 Park Avenue, New York, New York or by calling 888-868-6856.

About AES

AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we improve lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while collaborating with our customers on their strategic energy transitions and continuing to meet their energy needs today.

Safe Harbor Disclosure

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements are not intended to guarantee future results, but rather constitute AES’s current expectations based on reasonable assumptions. These forward-looking statements include, without limitation, our financing plans, including the offering of the Notes and the details thereof, the proposed use of proceeds therefrom, the final allocation of amounts related to offering the Notes to eligible green investors. projects and other expected effects of the offering of the Notes and the intended use of our shelf registration statement, which are subject to risks and uncertainties, such as our continued eligibility to use the shelf registration statement, the general economic conditions and other risks and uncertainties.

Actual results could differ materially from those projected in AES’s forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in the prospectus supplement relating to the offering and in AES’s filings with the SEC, including, but not limited to, the risks discussed in Item 1A: “Risk Factors” and item 7: “Management’s Report”. & Analysis” in AES’s 2023 Annual Report on Form 10-K and subsequent reports filed with the SEC. Potential investors are encouraged to read AES’s filings to learn more about the risk factors associated with AES activities AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor contact: Susan Harcourt 703-682-1204
Media Contact: Amy Ackerman 703-682-6399

SOURCE The AES Company