The AES Corporation

AES: 8-K · acquisition merger

AES received unconditional approval of its pending merger from the European Commission on October 15, 2026 under the EU Merger Regulation. On October 19, 2026, the New York Public Service Commission issued a declaratory ruling that the merger requires no further review under New York Public Service Law Section 70. Both approvals were conditions to closing the merger agreement signed March 1, 2026, under which Horizon Merger Sub will merge into AES, with the company then jointly owned by investment vehicles affiliated with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund. The merger still requires additional regulatory approvals and customary closing conditions, but clearing EU and New York review materially de-risks the take-private transaction for AES shareholders awaiting deal completion.

SEC 8-K•6d ago

AES: 8-K · acquisition merger

The Public Utilities Commission of Ohio issued an order on September 17, 2026 approving the proposed merger of The AES Corporation, clearing a key state regulatory condition to closing the take-private transaction. The merger stems from an Agreement and Plan of Merger entered into on March 1, 2026 among AES, Horizon Parent, L.P., and Horizon Merger Sub, Inc., under which Merger Sub will merge into AES, which continues as the surviving corporation. The deal remains subject to certain additional regulatory approvals and other customary closing conditions. Upon closing, AES will be jointly owned by investment vehicles affiliated with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund, as well as other investors.

SEC 8-K•1mo ago

AES: 8-K · acquisition merger

The AES Corporation received CFIUS approval on August 27, 2026, satisfying a key condition to close its pending merger with Horizon Parent, L.P. and Horizon Merger Sub, Inc. under the merger agreement signed March 1, 2026. Under the deal, Merger Sub will merge into AES with AES surviving as the corporation, but closing remains subject to certain additional regulatory approvals and other customary conditions. Upon completion, AES will be jointly owned by investment vehicles affiliated with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund, taking the utility private.

SEC 8-K•1mo ago

AES: 8-K · material agreement

On August 5, 2026, AES Corporation entered into amendments to two revolving credit facilities, extending maturities by one year: the Citi-administered revolver now terminates on August 23, 2028 (previously August 23, 2027), and the Sumitomo Mitsui (SMBC) revolver will terminate on December 6, 2027 (previously December 6, 2026), subject to customary closing conditions with effectiveness no earlier than December 4, 2026. Twenty-one lenders extended $1.452 billion of commitments under the Citi facility, with twelve banks each at $89.5 million; only Associated Bank, N.A. ($48 million) declined to extend. Except as expressly modified, all terms of both credit agreements remain unchanged and in full force. The extensions push out AES's near-term refinancing needs and preserve revolver liquidity with its bank group. The SMBC amendment also replaced Adjusted Term SOFR with floored Term SOFR, while the Citi amendment terminated the facility's Green Advances and Green Letters of Credit sub-tranche.

SEC 8-K•2mo ago

AES: 10-Q · periodic report

The AES Corporation swung to Q2 2026 net income of $426 million, or $0.60 per diluted share, from a $95 million loss a year earlier, as revenue rose about 20% to $3.42 billion on strength in both non-regulated and regulated businesses. Six-month net income attributable to AES reached $913 million versus a $49 million loss in the prior-year period, helped in part by a $186 million pre-tax gain from selling down its Fluence Energy stake to 22% for $207 million in net proceeds. The 10-Q details the pending take-private of AES at $15.00 per share in cash by vehicles of Global Infrastructure Management (GIP) and the EQT Infrastructure VI fund. Stockholders approved the merger on June 26, 2026 and the HSR waiting period expired June 22, but closing still requires approvals from PUCO, the New York PSC, FERC, and CFIUS, with an outside date of June 1, 2027. AES would owe Parent roughly $321 million under specified termination scenarios. H1 operating cash flow of $2.25 billion covered only part of $3.4 billion in capital expenditures, while AES issued $1 billion of senior notes in June ($600M at 5.20% due 2029, $400M at 5.75% due 2033) to repay its $500 million term loan. Recourse debt stood at $6.1 billion and non-recourse debt at $25.2 billion at quarter-end, against $1.8 billion of cash. The Board declared a quarterly dividend of $0.17595 per share payable August 14, 2026, and regulatory clearances on the GIP/EQT merger are the key catalyst ahead. Credit watch items include a $19 million technical covenant default at AES Ilumina and $3.1 billion of contingent VIE equity contribution obligations.

SEC 10-Q•2mo ago

AES Announces Quarterly Dividend

The AES Corporation declared a quarterly common stock dividend of $0.17595 per share. The dividend is payable on August 14, 2026 to shareholders of record at the close of business on July 31, 2026.

•3mo ago

AES: DEFM14A · acquisition merger

The AES Corporation has entered into a definitive agreement to be acquired by a consortium led by Global Infrastructure Partners and EQT in a cash deal valued at approximately $10.69 billion. Stockholders will receive $15.00 per share in cash, representing a 35.5% premium to the unaffected closing price on July 8, 2025, and a 40.3% premium to the 30-day volume-weighted average price. The Board unanimously recommends that stockholders vote FOR the merger proposal at the special meeting scheduled for June 26, 2026. Upon completion, AES will be delisted from the New York Stock Exchange and deregistered under the Securities Exchange Act of 1934, ceasing to be a publicly traded company. The transaction is subject to customary closing conditions, including stockholder approval and regulatory clearances from entities such as the FERC, PUCO, and CFIUS. The company expects to complete the merger in late 2026 or early 2027, with financing secured through equity commitments from the sponsors.

SEC DEFM14A•5mo ago

Haven Safety AI Named Finalist for EEI's Prestigious Edison Award

Haven Safety AI, a platform co-founded by The AES Corporation and AI Fund, was named a finalist for the 2026 Edison Award by the Edison Electric Institute. The AI-native solution has demonstrated measurable impact at AES, including up to an 80% reduction in investigation labor effort and the compression of investigation timelines from weeks to hours. Winners of the award will be announced at EEI's Annual Conference in June.

•5mo ago