AES Announces the Early Results of Its Tender Offers for Its Outstanding 7.75% Senior Notes Due 2015, 9.75% Senior Notes Due 2016 and 8.00% Senior Notes Due 2017 and an Increase of the Tender Cap Amount
The AES Corporation (NYSE:AES) announced the early results of its previously announced tender offers to purchase (each offer a 'Tender Offer' and collectively, the 'Tender Offers') for cash, subject to certain terms and conditions, its outstanding 7.75% Senior Notes due 2015 (the '2015 Notes'), 9.75% Senior Notes due 2016 (the '2016 Notes') and 8.00% Senior Notes due 2017 (the '2017 Notes' and, together with the 2015 Notes and the 2016 Notes, the 'Securities'). AES also announced that it increased the maximum aggregate principal amount of the Securities that may be purchased pursuant to the Tender Offers from $300,000,000 for the Securities to $415,000,000 for the Securities (the 'Tender Cap Amount'). Tendered Securities cannot be withdrawn after the Withdrawal Deadline, which was 5:00 p.m., New York City time, on February 28, 2014.
On February 14, 2014, AES commenced the Tender Offers to purchase the Securities in accordance with the terms and conditions set forth in the Offers to Purchase for Cash and related Letter of Transmittal (collectively, the 'Tender Offer Materials'). The Tender Offers will expire at 11:59 p.m., New York City time, on March 14, 2014 (the 'Expiration Date'), unless extended or earlier terminated by AES. As discussed in more detail in the Tender Offer Materials, AES reserves the right, but is under no obligation, to increase or decrease the Tender Cap Amount, at any time, subject to compliance with applicable law. Capitalized terms used in this announcement and not otherwise defined shall have the meanings assigned to them in the Tender Offer Materials.
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The AES Corporation
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The AES Corporation