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The AES Corporation (AES) Wins Holder Approval for Indenture Amendments Related to Pending Merger [Yahoo! Finance]

The AES Corporation (AES) 
Last the aes corporation earnings: 2/28 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
TheFly reported on March 26 that Argus lowered its rating on The AES Corporation (NYSE:AES) from Buy to Hold. Separately, earlier on March 19, The AES Corporation (NYSE:AES) announced that it had obtained the necessary consents from holders of its 5.800% Senior Notes due 2032 to approve amendments to the notes' governing indenture. These amendments were part of a consent solicitation process linked to the company's pending merger, which will activate the changes and trigger the related consent fee upon closing. Concurrently, AES extended and revised consent solicitations for its 5.450% Senior Notes due 2028, 3.950% Senior Notes due 2030, and 2.450% Senior Notes due 2031, adjusting the consent fees and removing previously proposed amendments except for the change-of-control waivers related to the merger. Eligible noteholders who deliver valid consents before the deadlines will receive a variable consent fee per $1,000 of principal, ranging approximately from $2.50 to $5.00, depend Show less Read more
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