Recent Updates — AES
The AES Corporation received CFIUS Approval on August 27, 2026, satisfying a key condition for its proposed merger with Horizon Parent, L.P. announced in March 2026. The transaction remains subject to additional regulatory approvals and customary closing conditions. Upon completion, the company will be jointly owned by investment vehicles affiliated with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund. AES operates in the electric power industry.
The AES Corporation entered into Amendment No. 3 to its Citibank credit agreement and the Second Amendment to its Sumitomo Mitsui Banking Corporation credit agreement on August 5, 2026. These amendments extend the termination dates for revolving commitments under both facilities by one year: from August 23, 2027 to August 23, 2028 for the Citi facility and from December 6, 2026 to December 6, 2027 for the SMBC facility. All other terms remain unchanged. The company operates in the electric power generation industry.
The AES Corporation dismissed Ernst & Young LLP as its independent registered public accounting firm due to a loss of independence following an announced merger agreement with Horizon Parent, L.P. and Horizon Merger Sub, Inc. The company engaged KPMG LLP as its new independent registered public accounting firm for the fiscal year ending December 31, 2026, effective upon the filing of the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. AES Corporation is a global energy and utility provider.
AES Corporation stockholders approved the Merger Agreement dated March 1, 2026, with Horizon Parent, L.P. and its subsidiary Horizon Merger Sub, Inc. in a special meeting held on June 26, 2026. The merger is subject to regulatory approvals and other conditions, though the HSR Act waiting period expired on June 22, 2026. AES Corporation is a global energy and utility company.
The AES Corporation completed a $1 billion aggregate principal amount offering of senior notes on June 16, 2026. The offering consisted of $600,000,000 in 5.200% Senior Notes due 2029 and $400,000,000 in 5.750% Senior Notes due 2033. The 2029 notes were priced at 99.946% of the principal amount, while the 2033 notes were priced at 99.740%. Net proceeds are intended for debt repayment and general corporate purposes. AES is an energy company providing electricity and related services.
The AES Corporation is voluntarily supplementing its Definitive Proxy Statement regarding a proposed merger with Horizon Parent, L.P. The supplement provides additional disclosures on legal counsel fees, financial advisor Wells Fargo's role, and updated valuation analyses from J.P. Morgan and Wells Fargo, including an implied per share equity value range of $15.00 for the merger consideration. The company is also addressing two stockholder complaints and fifteen demand letters alleging disclosure deficiencies. AES operates in the energy sector, providing global power generation and distribution services.