AES Extends Consent Solicitation for Senior Notes and Increases Consent Fee to $2.50

AES Implements Strategic Amendments to Senior Notes Consent Solicitation

On March 16, 2026, The AES Corporation (AES) announces significant amendments to its ongoing consent solicitations for various classes of its senior notes. The company extends the expiration date for these solicitations to 5:00 p.m. New York City time on March 18, 2026, providing additional time for registered holders of its 5.450% Senior Notes due 2028, 3.950% Senior Notes due 2030, 2.450% Senior Notes due 2031, and 5.800% Senior Notes due 2032 to participate. This extension reflects AES's proactive approach to ensuring that it secures necessary investor consents for the proposed amendments to the terms governing these debt instruments.

A notable aspect of the amendments is the increase in the consent fee offered to note holders. AES raises this fee from $1.00 to $2.50 per $1,000 principal amount for those who grant valid consents. This increase is designed to incentivize more participation and is contingent on achieving a majority consent from holders of the aggregate principal amount of the outstanding notes. AES is preparing for a merger anticipated to occur in late 2026 or early 2027, making these consents vital to the company’s strategic positioning moving forward. Pre-consenting holders will not need to take any further action to qualify for this increased fee, simplifying the process for stakeholders.

The amendments also revise the definition of “Permitted Holders” within the proposed changes, a move that AES emphasizes as important for aligning with its long-term strategic goals. As AES seeks to inform all eligible note holders about these changes, the company underscores its commitment to transparency and stakeholder communication. Detailed terms regarding the consent solicitations are outlined in earlier statements, ensuring that holders are fully aware of the implications of these amendments and the associated consent fee adjustments.

In related developments, AES continues to monitor market conditions and the competitive landscape as it prepares for future growth opportunities. As the energy sector evolves with advancing technologies and regulatory changes, AES remains focused on enhancing its position within the renewable energy market while ensuring that its financial strategies support its operational ambitions.

In a landscape marked by fluctuating energy demands, AES’s strategic adjustments reflect a keen awareness of market dynamics, paving the way for potential partnerships and mergers that could further strengthen its portfolio. The company recognizes the growing importance of stakeholder engagement as it navigates these changes, illustrating its commitment to long-term value creation for all it serves.