- Horizon Parent agreed to acquire AES through a merger in which Horizon Merger Sub will merge into AES, leaving AES as surviving company.
- AES bondholders delivered requisite consents to amend indenture for AES 5.450% senior notes due 2028, supporting merger financing plans.
- Consent fee totals USD 2.3 million, payable at closing, with amendments becoming operative only upon merger consummation.
- Merger closing is expected in late 2026 or early 2027.
- Backstop facility commitments tied to merger financing will be reduced by amount equal to outstanding principal of 2028 notes once supplemental indenture takes effect.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The AES Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202604010830PR_NEWS_USPR_____PH24494) on April 01, 2026, and is solely responsible for the information contained therein.
Comments