AES Extends Consent Solicitation Deadline for 2028 Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy AES?
Source: PRnewswire
- Deadline Extension: AES Corporation has extended the expiration time for its consent solicitation for the 5.450% Senior Notes due 2028 to 5:00 p.m. on March 27, 2026, from the original date of March 24, aiming to increase the likelihood of obtaining holder consents.
- Holder Response Status: As of the original deadline, approximately 43% of the $900 million outstanding 2028 Notes holders had validly delivered consents, indicating initial support for the proposed amendments, which could facilitate the optimization of the company's debt structure if a majority is reached.
- Consent Payment Arrangement: Should a majority consent be obtained, AES will pay a total of $2.25 million to all holders of the 2028 Notes who validly deliver consents, incentivizing more participation and enhancing the liquidity of the bonds in the market.
- Termination of Other Solicitations: AES announced the termination of solicitations for the 2030 and 2031 Notes due to the lack of requisite consents, indicating a decisive approach in debt management by focusing resources on the more promising 2028 Notes.
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Analyst Views on AES
Wall Street analysts forecast AES stock price to rise
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 14.000
Low
15.00
Averages
18.25
High
24.00
Current: 14.000
Low
15.00
Averages
18.25
High
24.00
About AES
The AES Corporation is an energy company. The Company operates in four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies. The Renewables segment include solar, wind, energy storage, and hydro generation facilities. The Utilities segment includes AES Indiana, AES Ohio, and AES El Salvador regulated utilities and their generation facilities. The Energy Infrastructure segment includes natural gas, liquefied natural gas (LNG), coal, pet coke, diesel, and oil generation facilities, and its businesses in Chile, which have a mix of generation sources, including renewables. The New Energy Technologies segment includes investments in Fluence, Uplight, Maximo and other initiatives. It has two lines of business: Generation, which owns and/or operates power plants to generate and sell power to customers and Utilities that own and/or operate utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AES Extends Consent Solicitation Deadline for 2028 Senior Notes
- Consent Solicitation Deadline Extended: AES Corporation has extended the expiration time for its consent solicitation regarding the 5.450% Senior Notes due 2028 to March 31, 2026, at 5:00 PM, originally set to expire on March 27, 2026, aiming to increase the likelihood of obtaining majority consent for the proposed amendments.
- Holder Participation Status: As of the original deadline, approximately 49% of the $900 million outstanding 2028 Notes holders had validly delivered consents, indicating significant market interest in the proposed amendments, which, if approved, would allow the company to optimize its debt structure and reduce financing costs.
- Consent Payment Amount: The total consent payment for this solicitation is $2.25 million, to be shared among all holders of the 2028 Notes who validly deliver consents, serving as an incentive to encourage broader participation and enhance the company's flexibility in capital markets.
- Ongoing Market Communication: AES emphasizes that aside from the deadline extension, all other terms of the consent solicitation remain unchanged, and with Goldman Sachs and Citigroup acting as solicitation agents, the company ensures that holders receive necessary information and support to facilitate the consent solicitation process.
See More
DPL LLC Extends Consent Solicitation Deadline for Senior Notes
- Consent Deadline Extension: DPL LLC has extended the expiration time for its solicitation of consents for its 4.35% Senior Notes due 2029 to March 31, 2026, at 5:00 PM, originally set for March 27, aiming to increase holder participation and secure necessary majority consent.
- Holder Participation Status: As of the original deadline, approximately 39% of the $400 million in outstanding notes had validly delivered consents, indicating a strong market recognition of the proposed amendments, which, if majority consent is achieved, will facilitate governance improvements.
- Consent Payment Arrangement: Should the solicitation succeed, DPL will distribute a total consent payment of $1 million to all holders who validly deliver consents, incentivizing broader participation and enhancing the company's debt management flexibility.
- Ongoing Market Communication: DPL is utilizing Goldman Sachs and Citigroup as solicitation agents to ensure holders receive timely updates, demonstrating the company's commitment to transparency and communication, which helps bolster investor confidence and market stability.
See More
IPALCO Extends Consent Solicitation Deadline for Senior Notes
- Deadline Extension: IPALCO has extended the expiration time for its consent solicitations for the 4.25% and 5.75% Senior Notes to March 31, 2026, at 5:00 PM, originally set for March 27, aiming to enhance holder participation and potentially increase the number of approved amendments.
- Holder Participation: As of the original deadline, approximately 33% of the 2030 Notes holders and 25% of the 2034 Notes holders had validly delivered consents, indicating initial support for the proposals, which could secure future financing and operational flexibility for IPALCO.
- Consent Payment Amounts: Should the consents reach a majority, the aggregate consent payments for the 2030 and 2034 Notes are set at $1,187,500 and $1,000,000 respectively, incentivizing more holders to participate and thereby strengthening the company's position in the capital markets.
- Ongoing Market Communication: IPALCO is utilizing Goldman Sachs and Citigroup as solicitation agents to ensure holders receive updated information, demonstrating the company's commitment to transparency and stakeholder relations, aimed at boosting investor confidence and facilitating future capital operations.
See More
AES Extends Consent Solicitation Deadline for 2028 Senior Notes
- Consent Solicitation Extension: AES Corporation has extended the expiration time for its consent solicitation regarding the 5.450% Senior Notes due 2028 to 5:00 p.m. on March 31, 2026, from the previously scheduled date of March 27, 2026, aiming to increase the likelihood of obtaining majority holder consent for the proposed amendments.
- Holder Participation Status: As of the original deadline, approximately 49% of the $900 million outstanding 2028 Notes holders had validly delivered consents, indicating initial market support for the amendments, which, if majority consent is achieved, would enable the company to optimize its debt structure and reduce financing costs.
- Consent Payment Amount: The total consent payment for this solicitation is $2.25 million, to be shared among all holders of the 2028 Notes who validly deliver consents, serving as an incentive to encourage broader participation and ensure the successful passage of the proposed amendments.
- Ongoing Market Communication: AES emphasizes that aside from the extension of the expiration time, all other terms of the consent solicitation remain unchanged, and holders who have already delivered consents do not need to take further action, which helps to enhance investor confidence and maintain the company's reputation.
See More
DPL Extends Consent Solicitation Expiration Date
- Consent Solicitation Extension: DPL LLC has extended the expiration time for its consent solicitation for the 4.35% Senior Notes to 5:00 PM on March 31, 2026, from the original March 27 deadline, aiming to enhance holder participation and increase the likelihood of obtaining the necessary majority consent.
- Holder Participation Status: As of the original deadline, approximately 39% of the $400 million in outstanding notes had validly delivered consents, indicating a significant interest in the proposed amendments, which could help optimize the company's debt structure if majority consent is achieved.
- Consent Payment Arrangement: DPL plans to offer a total consent payment of $1 million to holders who validly deliver consents, incentivizing greater participation and potentially enhancing the company's flexibility and financing capabilities in the capital markets.
- Ongoing Market Communication: DPL is maintaining communication with Goldman Sachs and Citigroup as solicitation agents to ensure holders are informed about the detailed terms and conditions of the consent solicitation, thereby enhancing transparency and fostering investor confidence.
See More
IPALCO Extends Consent Solicitation Deadline for Senior Notes
- Consent Deadline Extension: IPALCO has extended the deadline for its consent solicitations for the 4.25% and 5.75% senior notes to 5:00 PM on March 31, 2026, from the original March 27 date, aiming to increase holder participation and secure necessary majority consents.
- Holder Participation Status: As of the original deadline, approximately 33% of the 2030 notes and 25% of the 2034 notes holders had validly delivered consents, indicating preliminary support for the proposed amendments, which may facilitate a smoother amendment process.
- Consent Payment Amounts: Should a majority consent be obtained, the total consent payments are set at $1,187,500 for the 2030 notes and $1,000,000 for the 2034 notes, incentivizing more holders to participate and thereby enhancing the company's financing capabilities.
- Role of Solicitation Agents: Goldman Sachs and Citigroup are acting as solicitation agents, assisting holders in understanding the terms and conditions, ensuring transparency of information, and boosting holder confidence in the proposed amendments.
See More
AES Extends Consent Solicitation Deadline for 2028 Senior Notes
- Consent Solicitation Deadline Extended: AES Corporation has extended the expiration time for its consent solicitation regarding the 5.450% Senior Notes due 2028 to March 31, 2026, at 5:00 PM, originally set to expire on March 27, 2026, aiming to increase the likelihood of obtaining majority consent for the proposed amendments.
- Holder Participation Status: As of the original deadline, approximately 49% of the $900 million outstanding 2028 Notes holders had validly delivered consents, indicating significant market interest in the proposed amendments, which, if approved, would allow the company to optimize its debt structure and reduce financing costs.
- Consent Payment Amount: The total consent payment for this solicitation is $2.25 million, to be shared among all holders of the 2028 Notes who validly deliver consents, serving as an incentive to encourage broader participation and enhance the company's flexibility in capital markets.
- Ongoing Market Communication: AES emphasizes that aside from the deadline extension, all other terms of the consent solicitation remain unchanged, and with Goldman Sachs and Citigroup acting as solicitation agents, the company ensures that holders receive necessary information and support to facilitate the consent solicitation process.
See More
DPL LLC Extends Consent Solicitation Deadline for Senior Notes
- Consent Deadline Extension: DPL LLC has extended the expiration time for its solicitation of consents for its 4.35% Senior Notes due 2029 to March 31, 2026, at 5:00 PM, originally set for March 27, aiming to increase holder participation and secure necessary majority consent.
- Holder Participation Status: As of the original deadline, approximately 39% of the $400 million in outstanding notes had validly delivered consents, indicating a strong market recognition of the proposed amendments, which, if majority consent is achieved, will facilitate governance improvements.
- Consent Payment Arrangement: Should the solicitation succeed, DPL will distribute a total consent payment of $1 million to all holders who validly deliver consents, incentivizing broader participation and enhancing the company's debt management flexibility.
- Ongoing Market Communication: DPL is utilizing Goldman Sachs and Citigroup as solicitation agents to ensure holders receive timely updates, demonstrating the company's commitment to transparency and communication, which helps bolster investor confidence and market stability.
See More
IPALCO Extends Consent Solicitation Deadline for Senior Notes
- Deadline Extension: IPALCO has extended the expiration time for its consent solicitations for the 4.25% and 5.75% Senior Notes to March 31, 2026, at 5:00 PM, originally set for March 27, aiming to enhance holder participation and potentially increase the number of approved amendments.
- Holder Participation: As of the original deadline, approximately 33% of the 2030 Notes holders and 25% of the 2034 Notes holders had validly delivered consents, indicating initial support for the proposals, which could secure future financing and operational flexibility for IPALCO.
- Consent Payment Amounts: Should the consents reach a majority, the aggregate consent payments for the 2030 and 2034 Notes are set at $1,187,500 and $1,000,000 respectively, incentivizing more holders to participate and thereby strengthening the company's position in the capital markets.
- Ongoing Market Communication: IPALCO is utilizing Goldman Sachs and Citigroup as solicitation agents to ensure holders receive updated information, demonstrating the company's commitment to transparency and stakeholder relations, aimed at boosting investor confidence and facilitating future capital operations.
See More
AES Extends Consent Solicitation Deadline for 2028 Senior Notes
- Consent Solicitation Extension: AES Corporation has extended the expiration time for its consent solicitation regarding the 5.450% Senior Notes due 2028 to 5:00 p.m. on March 31, 2026, from the previously scheduled date of March 27, 2026, aiming to increase the likelihood of obtaining majority holder consent for the proposed amendments.
- Holder Participation Status: As of the original deadline, approximately 49% of the $900 million outstanding 2028 Notes holders had validly delivered consents, indicating initial market support for the amendments, which, if majority consent is achieved, would enable the company to optimize its debt structure and reduce financing costs.
- Consent Payment Amount: The total consent payment for this solicitation is $2.25 million, to be shared among all holders of the 2028 Notes who validly deliver consents, serving as an incentive to encourage broader participation and ensure the successful passage of the proposed amendments.
- Ongoing Market Communication: AES emphasizes that aside from the extension of the expiration time, all other terms of the consent solicitation remain unchanged, and holders who have already delivered consents do not need to take further action, which helps to enhance investor confidence and maintain the company's reputation.
See More
DPL Extends Consent Solicitation Expiration Date
- Consent Solicitation Extension: DPL LLC has extended the expiration time for its consent solicitation for the 4.35% Senior Notes to 5:00 PM on March 31, 2026, from the original March 27 deadline, aiming to enhance holder participation and increase the likelihood of obtaining the necessary majority consent.
- Holder Participation Status: As of the original deadline, approximately 39% of the $400 million in outstanding notes had validly delivered consents, indicating a significant interest in the proposed amendments, which could help optimize the company's debt structure if majority consent is achieved.
- Consent Payment Arrangement: DPL plans to offer a total consent payment of $1 million to holders who validly deliver consents, incentivizing greater participation and potentially enhancing the company's flexibility and financing capabilities in the capital markets.
- Ongoing Market Communication: DPL is maintaining communication with Goldman Sachs and Citigroup as solicitation agents to ensure holders are informed about the detailed terms and conditions of the consent solicitation, thereby enhancing transparency and fostering investor confidence.
See More
IPALCO Extends Consent Solicitation Deadline for Senior Notes
- Consent Deadline Extension: IPALCO has extended the deadline for its consent solicitations for the 4.25% and 5.75% senior notes to 5:00 PM on March 31, 2026, from the original March 27 date, aiming to increase holder participation and secure necessary majority consents.
- Holder Participation Status: As of the original deadline, approximately 33% of the 2030 notes and 25% of the 2034 notes holders had validly delivered consents, indicating preliminary support for the proposed amendments, which may facilitate a smoother amendment process.
- Consent Payment Amounts: Should a majority consent be obtained, the total consent payments are set at $1,187,500 for the 2030 notes and $1,000,000 for the 2034 notes, incentivizing more holders to participate and thereby enhancing the company's financing capabilities.
- Role of Solicitation Agents: Goldman Sachs and Citigroup are acting as solicitation agents, assisting holders in understanding the terms and conditions, ensuring transparency of information, and boosting holder confidence in the proposed amendments.
See More
