09:43 AM EDT, 03/12/2025 (MT Newswires) -- AES ( AES ) early Wednesday disclosed plans for an upcoming offering of the electric utility company's senior notes, but did not specify the amount or their terms.

AES ( AES ) said it expects to use net proceeds from the offering to fund the repurchase of up to $900 million of its outstanding 3.30% senior notes due 2025 through an upcoming cash tender offer.

The tender offer is slated to run through next Tuesday, unless the company extends or terminates it earlier, and any remaining funds will be used to retire other debt and for general corporate purposes, AES ( AES ) said.

AES ( AES ) shares recently were nearly 2% lower soon after Wednesday's opening bell.

Price: 11.56, Change: -0.43, Percent Change: -3.59