AES Corporation Amends Senior Notes Consent Solicitation to Enhance Financial Strategy and Engage Stakeholders

### AES Corporation Amends Consent Solicitation for Senior Notes

The AES Corporation (“AES”) announces significant amendments to its consent solicitations for certain senior notes, including those due in 2028, 2030, 2031, and 2032. This move reflects the company's proactive approach to managing its debt obligations and aligning its financial strategy with upcoming operational changes. The expiration date for the consent solicitations has been extended to March 18, 2026, which gives noteholders additional time to respond. Importantly, AES has modified the consent fee from $1.00 to $2.50 per $1,000 principal amount, incentivizing stakeholders to grant their consents.

As part of the amendments, AES also revises the definition of "Permitted Holders" to accommodate changing market dynamics and possible ownership changes that may arise from future corporate actions. The increased consent fee, while appealing, is contingent on securing a majority consent from the holders of the aggregate principal amount of outstanding notes and the successful completion of a merger expected in late 2026 or early 2027. This strategic move indicates AES's intent to not only enhance liquidity but also potentially facilitate future growth through mergers and acquisitions.

AES emphasizes that prior consenting holders need not take any further action to qualify for the increased fee, simplifying the process for stakeholders already engaged in the situation. The company continues its commitment to transparency by directly informing all eligible noteholders of these changes and their implications, reinforcing AES’s dedication to engaging effectively with its investor base while navigating the evolving landscape in the energy sector.

### Broader Industry Context

In a competitive energy market, AES's decision to amend its consent solicitations reflects broader trends among energy companies seeking to optimize their financial structures. Such measures become increasingly relevant as the industry faces evolving regulatory frameworks and mounting pressures from sustainability goals.

Simultaneously, companies like Tesla are making significant strides in the energy sector, with recent partnerships to enhance their battery technology and energy storage systems. This highlights the growing integration of energy management and innovation across the industry, an area where AES seeks to position itself strategically amidst changing market conditions.