Mergers & Acquisitions ·
AES Corporation has amended its credit and letter of credit agreements with Citibank, SMBC, and Barclays to modify…
AESAes Corp
AES Corporation has amended its credit and letter of credit agreements with Citibank, SMBC, and Barclays to modify change of control provisions in connection with its pending merger with Horizon Parent, L.P. These amendments allow for the transition of ownership to entities including Global Infrastructure Management, LLC and the Qatar Investment Authority without triggering contractual defaults. This is a critical procedural step to ensure the company's financing remains stable as it moves toward the acquisition.