We recently compiled a list of the 10 cheap stocks to buy now for the long term. AES Corporation is one of the best cheap stocks to invest in.
TheFly reported on March 26 that Argus lowered its rating on The AES Corporation (NYSE:AES) from Buy to Hold.
Separately, on March 19, The AES Corporation (NYSE:AES) announced that it had obtained the necessary consents from holders of its 5.800% Senior Notes due 2032 to approve amendments to the indenture governing the notes. These modifications were part of a consent request process tied to the company’s pending merger, which will trigger the changes and trigger the consent fee related to closing.
At the same time, AES extended and revised consent solicitations for its 5.450% Senior Notes due 2028, 3.950% Senior Notes due 2030 and 2.450% Senior Notes due 2031, adjusting consent fees and eliminating previously proposed amendments, except for merger-related change of control waivers. Eligible bondholders who provide valid consents by the deadlines will receive a variable consent fee per $1,000 of principal, ranging from approximately $2.50 to $5.00, depending on participation.
Photo by PBF EnergÃa LinkedIn
These actions are designed to align the terms of the notes with the merger structure and ensure proper execution of the related financial commitments. Goldman Sachs & Co. LLC and Citigroup Global Markets are acting as solicitation agents, while Global Bondholder Services Corporation is acting as information and tabulation agent for the process. The merger is expected to close in late 2026 or early 2027.
AES Corporation (NYSE:AES) is a global energy company that generates and distributes electricity, with an increasing focus on renewable energy, energy storage and decarbonization solutions to support sustainable and reliable energy systems around the world.
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