The AES Corporation (NYSE: AES) ("AES") announced today its intention to offer, subject to market and other conditions, fixed-to-fixed reset rate junior subordinated notes (the "Notes") in a registered public offering.
AES intends to use the net proceeds from the proposed offering to repay existing indebtedness, including borrowings under the revolving facility of its senior credit facility, and for general corporate purposes.
J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC and Credit Agricole Securities (USA) Inc. are acting as joint book-running managers of the proposed offering.
