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AES Corp (AES.N)

AES.N on New York Stock Exchange

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24 Jul 2017
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Latest Key Developments (Source: Significant Developments)

AES Corp on June 28, co entered into amendment no. 2 to sixth amended and restated credit and reimbursement agreement - SEC Filing
Thursday, 29 Jun 2017 08:44am EDT 

June 29 (Reuters) - AES Corp :AES Corp - On June 28, co entered into amendment no. 2 to sixth amended and restated credit and reimbursement agreement - SEC Filing.AES - ‍amendment provides for establishment of additional tranche of revolving credit commitments in total amount of $300 million that terminates June 28, 2020​.AES - Remainder of revolving credit commitments provided under credit agreement that were in effect prior to giving effect to amendment shall continue, will terminate on July 26, 2021.  Full Article

AES says is marketing a new $525 mln credit facility
Monday, 15 May 2017 07:22am EDT 

May 15 (Reuters) - AES Corp :Is marketing a new $525 million credit facility, which will take form of a senior secured term b loan - sec filing.AES Corp says proceeds of new credit facility to be used to refinance its existing 6.75% term convertible trust securities due 2029, general purposes.aes - refinancing of term trust convertible securities , borrowing of loans under senior secured credit facility is total leverage neutral transaction.  Full Article

Romanian Electrica post Q1 net loss of 51.2 mln lei on high power prices
Friday, 12 May 2017 11:36am EDT 

BUCHAREST, May 12 (Reuters) - Romanian state-owned power utility Electrica :Says recorded a first-quarter net loss of 51.2 million lei ($12.31 million), compared with a profit of 141.8 million lei in the same quarter of last year..Says the cost of the electricity it purchased increased in the first quarter overall, due to the significant increase in prices on the Romanian power market during a cold snap in January and February..Says the cost of purchasing electricity rose by 25 percent on the year to 952 million lei and accounted for 68.6 percent of first-quarter revenue..Says first-quarter revenue was 1.39 billion lei, down from roughly 1.4 billion in the same quarter of 2016..  Full Article

AES reports Q1 adjusted non-GAAP earnings per share $0.17
Monday, 8 May 2017 06:00am EDT 

May 8 (Reuters) - Aes Corp : :Aes reports first quarter 2017 financial results; reaffirms 2017 guidance and long-term expectations.Q1 adjusted non-GAAP earnings per share $0.17.Q1 loss per share $0.04 from continuing operations.Q1 earnings per share view $0.20 -- Thomson Reuters I/B/E/S.Reaffirming 2017 guidance and average annual growth of 8pct to 10pct in consolidated free cash flow and adjusted eps through 2020.  Full Article

OPGC gets additional equity for its expansion project
Wednesday, 22 Mar 2017 08:42am EDT 

OPGC: OPGC gets additional equity for its expansion project . Odisha government, AES infused additional equity of 4.85 billion rupees in to OPGC in proportion of their present holding of 51:49.  Full Article

AES announces tender offers for up to a total of $300 mln
Tuesday, 14 Mar 2017 05:05pm EDT 

AES Corp : AES announces tender offers for up to a total of $300 million of its 7.375 percent senior notes due 2021 and 8.000 percent senior notes due 2020 .AES Corp says tender offers are scheduled to expire at 11:59 p.m., Eastern Time, on April 10, 2017.  Full Article

AES says CEO Gluski's total compensation for 2016 was about $9 mln
Wednesday, 8 Mar 2017 06:20am EST 

Aes Corp :AES Corp - CEO and president Andrés Gluski's total compensation for 2016 was about $9 million versus $8.1 million in 2015 - sec filing.  Full Article

AES Corp posts Q4 adjusted EPS of $0.35
Monday, 27 Feb 2017 06:07am EST 

AES Corp : AES achieves 2016 guidance; sets growth target of 8 pct to 10 pct through 2020 . AES corp sees 2017 consolidated free cash flow of $1,400 to $2,000 million and adjusted EPS of $1.00 to $1.10 . AES corp says initiating 2017 guidance for consolidated net cash provided by operating activities of $2,000 to $2,800 million . Sees consolidated free cash flow of $1,400 to $2,000 million and adjusted eps of $1.00 to $1.10 in 2017 . AES corp - FY diluted eps of $0.00 . AES corp- company expects to raise at least $500 million in equity proceeds from asset sales in 2017 that will be reallocated in 2017 and 2018 . Qtrly loss from continuing operations $0.30 . Qtrly adjusted eps $0.35 . Qtrly total revenue $3,544 million versus $3,219 million . FY 2017 earnings per share view $1.11 -- Thomson Reuters I/B/E/S . Q4 revenue view $5.29 billion -- Thomson Reuters I/B/E/S .Q4 earnings per share view $0.36 -- Thomson Reuters I/B/E/S.  Full Article

AES and AIMCO to acquire Spower from Fir Tree Partners
Friday, 24 Feb 2017 08:00am EST 

AES Corp : AES and AIMCO agree to acquire Spower, the largest independent solar developer in the United States, from Fir Tree Partners . AES Corp - deal for $853 million in cash . AES Corp - deal for $853 million in cash, plus assumption of $724 million in non-recourse debt . AES Corp- AES and AIMCO will each directly and independently purchase and own slightly below 50 pct equity interests in Spower . AES Corp - deal includes assumption of $724 million in non-recourse debt . AES Corp says acquisition price is subject to customary post-signing purchase price adjustments .AES Corp - will provide its 2017 guidance and longer-term expectations, and discuss this transaction on Q4 and full year 2016 financial review call on Feb 27.  Full Article

Engie and AES subsidiary agree LNG marketing deal in the Caribbean
Thursday, 1 Dec 2016 07:22am EST 

Engie SA : Engie and AES subsidiary agree binding joint marketing agreement for liquefied natural gas (LNG) in the Caribbean. . ENGIE and AES Andres will jointly market 0.7 million tonnes per annum (mtpa) of LNG. .Agreement effective immediately for a period of up to 12 years..  Full Article

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AES and Siemens create joint-venture for energy storage

American energy firm AES Corp and German engineering conglomerate Siemens AG on Tuesday said they were forming a joint venture to serve the rapidly growing energy storage market.