TITLE

AES Sells $775M in Floating-Rate Notes

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
May 2014
SOURCE
High Yield Report;5/19/2014, p35
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on power company AES Corp.'s sale of floating rate notes in May 2014. Topics discussed include the pricing of the bonds, the use of proceeds by AES to pay all of its secured term loan debt and for general corporate purposes, and its expected loan debt outstanding after refinancing. Also mentioned are the deal's bookmakers, ratings of the notes by credit rating agencies Moody's Investors Service and Standard & Poor's (S&P), and AES' earlier sale of bonds.
ACCESSION #
96096190

 

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