Key Developments: AES Corp (AES.N)

AES.N on New York Stock Exchange

13.30USD
2 Jul 2015
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Latest Key Developments (Source: Significant Developments)

AES Corp closes secondary public offering - Form 8k
Monday, 18 May 2015 09:15am EDT 

AES Corp:Says it has closed its previously announced underwritten secondary public offering of an aggregate of 59,468,788 shares of the company’s common stock by Terrific Investment Corporation, with 39,468,778 shares offered to the public at $13.25 per share.Says as part of the offering, the company purchased the remaining 20,000,000 shares of the company’s common stock from Morgan Stanley & Co. LLC, as underwriter at the price paid by the Underwriter to the Selling Stockholder in the Offering, for an aggregate purchase price of $261,400,000.  Full Article

AES Corp announces pricing of secondary offering of about 60 mln shares of common stock by subsidiary of CIC
Wednesday, 13 May 2015 08:05am EDT 

AES Corp:Says secondary public offering of an aggregate of about 60 mln shares of its common stock, by Terrific Investment Corp(selling stockholder) with about 40 mln shares offered to public at 13.25 per share.Morgan Stanley is acting as underwriter for offering.Completion of offering, it is expected that selling stockholder will have fully sold its stake in AES common stock.AES will not receive any of proceeds from offering.  Full Article

AES Corp reaffirms FY 2015 EPS guidance
Monday, 11 May 2015 06:00am EDT 

AES Corp:Expects FY 2015 adjusted diluted EPS from continuing operations to be in the range of $1.25-$1.35.FY 2015 EPS of $1.27 - Thomson Reuters I/B/E/S.  Full Article

AES Corporation clarifies record date for Q2 dividend payment
Friday, 24 Apr 2015 04:35pm EDT 

AES Corporation:Declares a quarterly common stock dividend of 10 cents per share.Payable on May 15.Says Q2 dividend is payable to shareholders of record date as on May 5 not May 1.  Full Article

AES Corp announces signing of heads of terms agreement at Maritza in Bulgaria
Wednesday, 8 Apr 2015 06:20am EDT 

AES Corp:Says Subsidiaries, AES 3C Maritza East I (Maritza) has signed heads of terms agreement (HTA) with NEK, state-owned wholesale power company.Under framework set forth in HTA, both parties will endeavor to make certain changes to Power Purchase Agreement (PPA), under which Maritza sells its output to NEK through 2026 (PPA Term).Maritza and NEK agreed to reduce the capacity payment to Maritza under the PPA by 14 percent through the PPA Term.In exchange, NEK will pay Maritza its full outstanding receivables, which as of March 31, 2015 were about $236 mln.Says binding agreement is expected to be signed by Q3 of 2015 and is subject to customary regulatory approvals.  Full Article

AES Corp announces pricing of $575 million of senior notes in public offering
Tuesday, 31 Mar 2015 07:31pm EDT 

AES Corp:Says that it has priced $575 million aggregate principal amount of 5.500 pct. senior notes due 2025.Intends to use et proceeds from offering of notes, as well as, if necessary, other available funds, to fund the concurrent tender offers to purchase certain of AES' outstanding senior notes and to pay certain related fees and expenses.If any net proceeds from this offering remain after completion of tender offers, AES intends to use such proceeds to retire certain outstanding indebtedness and for general corporate purposes.Closing of offering of notes is expected to occur on April 6 (T + 3).  Full Article

AES Corp announces public offering of $575 mln of senior notes
Tuesday, 31 Mar 2015 07:00am EDT 

AES Corp:Intends, subject to market and other conditions, to offer $575 mln aggregate principal amount of senior notes due 2025 (the Notes).Intends to use the net proceeds from the offering of the Notes, as well as, if necessary, other available funds to fund the concurrent tender offers announced to purchase certain series of AES' outstanding senior notes and to pay certain related fees and expenses.Any net proceeds from this offering remain after completion of the tender offers, AES intends to use such proceeds to retire certain outstanding indebtedness and for general corporate purposes.  Full Article

AES Corp announces $400 mln share repurchase authorization
Thursday, 26 Feb 2015 06:00am EST 

AES Corp:Announces $400 mln share repurchase authorization.  Full Article

AES Corp lowers FY 2015 EPS guidance
Thursday, 26 Feb 2015 06:00am EST 

AES Corp:Lowered FY 2015 adjusted EPS guidance range by $0.05, to $1.25-$1.35, reflecting the $0.18 impact from currency and commodity movements, Brazil hydrology.And other factors, including contract negotiations at Maritza in Bulgaria, offset by revenue improvements, cost savings initiatives, proactive hedging, capital allocation and tax opportunities at certain businesses.FY 2015 EPS of $1.28 - Thomson Reuters I/B/E/S.  Full Article

AES Corp announces 100 pct increase in regular quarterly dividend
Monday, 15 Dec 2014 07:00am EST 

AES Corp:Declares a 100 pct increase in the company's quarterly common stock dividend, to $0.10 per share from $0.05 per share.Payable on Feb. 17, 2015, to shareholders of record at the close of business on Feb. 3, 2015.  Full Article

Brazil's Aneel grants AES Eletropaulo 15.23 pct rate hike

SAO PAULO, June 30 - Brazil's power sector regulator Aneel on Tuesday granted a 15.23 percent rate rise to Eletropaulo Metropolitana Eletricidade de Sao Paulo SA , a power distribution company controlled by AES Corp , for the next four years.

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