05:04 PM EST, 12/04/2024 (MT Newswires) -- AES ( AES ) said late Wednesday it has priced $500 million of its 6.950% fixed-to-fixed reset rate junior subordinated notes set to mature in 2055 in a public offering.
The offering is expected to close on Friday, pending customary conditions.
AES ( AES ) said it plans to use the net proceeds from the offering to repay debt and for general corporate purposes.