$AES (The AES Corporation)

$AES {{ '2016-08-05T13:23:51+0000' | timeago}} • Webcast

Power company $AES said that it announced or closed asset sales with proceeds of more than $500MM, well above the target range of $200-300MM. $AES prepaid $300MM in parent debt, exceeding full-year 2016 target of $200MM to accelerate credit improvement. The company continues to make progress to resolve DP&L's pending rate case.

$AES {{ '2017-08-15T11:55:41+0000' | timeago}} • Announcement

$AES, a power company, has priced $500MM aggregate principal amount of 5.125% senior notes due 2027. It intends to use the net proceeds to fund concurrent tender offer to purchase its outstanding 8% senior notes due 2020. Remaining proceeds, if any, will be used to retire some outstanding debts. The offering will close on Aug 28, 2017.

$AES {{ '2017-08-14T13:24:39+0000' | timeago}} • Announcement

$AES plans to offer $500MM of senior notes due 2027. $AES plans to use the net proceeds to fund the concurrent tender offer announced to buy its outstanding 8% senior notes due 2020 and to pay certain related fees and expenses. $AES plans to use any remaining proceeds after completion of the offer to retire certain of its outstanding debt.

$AES {{ '2017-08-14T13:21:59+0000' | timeago}} • Announcement

$AES commenced a tender offer to buy for cash up to $217MM of its outstanding 8% senior notes due 2020. The tender offer is scheduled to expire on Sept. 11, 2017, unless extended or earlier terminated.

$AES {{ '2017-08-08T14:43:28+0000' | timeago}} • Infographic

$AES AES Corporation Earnings AlphaGraphics: Q2 2017 highlights

$AES {{ '2017-08-08T11:37:38+0000' | timeago}} • Announcement

For FY17, $AES now sees adjusted EPS at $1.00-1.10, with consolidated net cash provided by operating activities of $2.0-$2.8Bil. Consolidated Free Cash Flow in the year is expected to be $1.4-2.0Bil. Moreover, AES Corp aims at an average annual growth of 8% to 10% in consolidated free cash flow and adjusted EPS through 2020.

$AES {{ '2017-08-08T11:33:45+0000' | timeago}} • Announcement

With total revenue jumping more than 7% to $3.47Bil in 2Q17, $AES turned to a net profit of $150MM or $0.08 per diluted share from a loss of $387MM or $0.16 per share. Adjusted EPS improved to $0.25 from $0.17 a year ago.

$AES {{ '2017-07-17T21:30:02+0000' | timeago}} • Announcement

$AES declared a quarterly common stock dividend of $0.12 per share payable on August 17, 2017, to shareholders of record on August 3, 2017.

$AES {{ '2017-07-05T13:02:24+0000' | timeago}} • Announcement

$AES has closed $2Bil in long-term, non-recourse financing for its 1,384MW Southland repowering project. The financing consists $1,475MM of senior secured notes amortizing through 2040 and $492MM senior secured term loan amortizing through 2027. $AES will contribute about $350MM in equity to finance the balance of the total project cost of $2.3Bil.

$AES {{ '2017-05-24T20:49:22+0000' | timeago}} • Announcement

$AES entered into a credit agreement that provides for borrowings in an aggregate principal amount of up to $525MM. The proceeds of the facility will be used to redeem its $3.375 term convertible securities, Series C and for general corporate purposes.

$AES {{ '2017-05-08T14:44:29+0000' | timeago}} • Webcast

$AES stated the sale of coal-fired generation accounts for about $30-40MM of the $50MM drop in EBITDA guidance. The drop also includes updated non-bypassable fees of $105MM, which was slightly higher than the company's expectation.

$AES {{ '2017-05-08T14:35:38+0000' | timeago}} • Webcast

With regards to the business conditions in Brazil, $AES said that it expects demand to pick up slightly this year. The company is modestly optimistic about Brazil and expects gradual oil recovery there. $AES added that its Eletropaulo utility in Brazil has been listed now and it continues to make improvements operationally.

$AES {{ '2017-05-08T10:54:15+0000' | timeago}} • Announcement

$AES reaffirmed its expectations through 2020 for adjusted EPS of 8-10% growth off mid-point of 2016 guidance and for free cash flow of 8-10% growth off mid-point of 2016 projection. The company's expectations through 2020 are based on foreign currency and commodity forward curves as of Dec. 31, 2016.

$AES {{ '2017-05-08T10:52:18+0000' | timeago}} • Announcement

$AES reaffirmed its 2017 adjusted EPS guidance of $1.00-1.10, net cash provided by operating activities estimate of $2.0-2.80Bil and free cash flow forecast of $1.4-2.0Bil. The company's 2017 guidance is based on foreign currency and commodity forward curves as of March 31, 2017.

$AES {{ '2017-05-08T10:49:42+0000' | timeago}} • Announcement

$AES slipped to a loss in 1Q17 from a profit last year, due to higher impairment expense from sale of coal-fired merchant generating assets in Kazakhstan and planned shutdown of certain coal-fired merchant. Net loss was $24MM or $0.04 per share compared to a profit of $126MM or $0.19 per share in 1Q16. Revenue grew to $3.49Bil from $3.27Bil.

$AES {{ '2017-05-05T14:26:31+0000' | timeago}} • Announcement

ENGIE and $AES agreed to enter into a joint venture to market and sell liquefied natural gas (LNG) to third parties in Central America. The JV will utilize the Costa Norte LNG terminal currently under construction in Colon, Panama, which is owned 50/50 by AES and Inversiones Bahía.

$AES {{ '2017-04-13T12:34:06+0000' | timeago}} • Announcement

$AES declared a quarterly common stock dividend of $0.12 per share payable on May 15, 2017, to shareholders of record at the close of business on May 1, 2017.

$AES {{ '2017-03-28T13:31:17+0000' | timeago}} • Announcement

$AES announced early results of its previously announced tender offers to purchase for cash, subject to certain terms and conditions, up to a total of $300MM aggregate principal amount of its outstanding 7.375% senior notes due 2021 and 8.000% senior notes due 2020.

$AES {{ '2017-03-15T11:22:18+0000' | timeago}} • Announcement

$AES announced the commencement of a cash tender offer to purchase $300MM aggregate principal amount of outstanding 7.375% senior notes due 2021 and 8.000% senior notes due 2020. Total consideration payable per $1,000 principal amount of securities is $1,135.00 for 2021 notes, and $1,157.50 for 2020 notes, on March 27, 2017.

$AES {{ '2017-02-27T15:15:07+0000' | timeago}} • Webcast

$AES said it is making good progress on OPGC-II. The company was about six months behind versus original expectations but it has not lost any more time. The project is up and running and $AES has done the related infrastructure projects such as the rail and new housing. The project is progressing well.

$AES {{ '2017-02-27T14:39:35+0000' | timeago}} • Webcast

$AES agreed to acquire independent solar developer sPower in partnership with AIMCo. The company expects to fund its $382MM share of the investment largely from excess discretionary cash received from the sale of AES Sul in late 2016. The transaction is expected to close in 3Q17 and is expected to be accretive to EPS.

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