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The AES (NYSE: AES) announced the pricing of $950 million in 7.600% fixed-to-fixed rate reset junior subordinated green notes due 2055. The closing of this offering is anticipated on May 21, 2024. AES plans to allocate the net proceeds to eligible green projects, with interim use for general corporate purposes. The offering is managed by Citigroup Global Markets, Goldman Sachs, Mizuho Securities, Morgan Stanley, and SMBC Nikko Securities.
The AES (NYSE: AES) announced plans to offer fixed-to-fixed rate reset junior subordinated green notes in a registered public offering. AES aims to allocate the net proceeds to eligible green projects, with interim use for general corporate purposes.
The offering will be managed by Citigroup Global Markets, Goldman Sachs, Mizuho Securities USA, Morgan Stanley, and SMBC Nikko Securities America. The effective shelf registration statement for the notes has already been filed with the SEC.
This announcement does not constitute an offer or solicitation to sell or buy securities. For more information, refer to the prospectus and prospectus supplement dated May 16, 2024.
The AES (NYSE: AES) has agreed to sell its 47.3% equity interest in AES Brasil to Auren Energia for approximately $640 million. This sale is part of a merger between AES Brasil and Auren Energia, valuing AES Brasil shares at about 11.55 Brazilian Real per share before adjustments. The deal is expected to close in 4 to 6 months, pending customary approvals and a late-stage construction project completion.
Proceeds from the sale will support AES' growth in renewables and U.S. utilities. This transaction aligns with AES' strategy to simplify its portfolio and strengthen its balance sheet. AES aims to reinvest in supplying renewable energy to corporate customers in the U.S. and expanding its utilities. With this sale, AES has achieved over half of its $3.5 billion asset sale proceeds target set for 2027.
The AES (AES) reported strong first-quarter results and reaffirmed its 2024 guidance and long-term growth rates. The company signed significant contracts for renewables, completed several strategic accomplishments, and saw financial highlights, including an increase in diluted EPS and net income. AES's financial position and outlook remain positive, with reaffirmed guidance for adjusted EPS and EBITDA until 2027.
