AES Corp (AES) to Offer 10M Equity Units

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Go back to AES Corp (AES) to Offer 10M Equity Units

AES Announces Equity Units Offering

March 3, 2021 4:06 PM EST

ARLINGTON, Va., March 3, 2021 /PRNewswire/ -- The AES Corporation (NYSE: AES) ("AES" or the "Company") announced today its intention to offer to sell, subject to market and other conditions, 10,000,000 Equity Units (the "Units"), each with a stated amount of $100. The Company expects the Units will initially consist of an aggregate of 1,000,000 shares of Series A Cumulative Perpetual Convertible Preferred Stock (the "Convertible Preferred Stock"), with an aggregate liquidation preference of $1.0 billion, and contracts to purchase, for an aggregate of $1.0 billion, shares of the Company's common stock (the "Common Stock"). The... More