press-release-details

Press Release Details

The AES Corporation Announces Launch of Senior Secured Term Loan Financing

May 17, 2011

Click Here to View the Presentation

ARLINGTON, Va., May 17, 2011 -- The AES Corporation (NYSE:AES) announced today that it is seeking to arrange a new syndicated senior secured term loan facility in an aggregate principal amount of $1.05 billion (the "New Term Loan"). The Company intends to use the net proceeds from the New Term Loan to finance its purchase of DPL Inc., the parent company of the Dayton Power & Light Company, pursuant to the parties' previously announced merger agreement, and to pay certain fees and expenses related to the DPL transaction. Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Morgan Stanley Senior Funding, Inc. are acting as joint lead arrangers and bookrunners in connection with the New Term Loan. A presentation for prospective participants in the New Term Loan will be posted on the Company's website on May 17, 2011.

The Company currently intends to finance the purchase through the issuance of debt securities which, subject to market and other conditions, may occur in the near term.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities.

About AES

The AES Corporation (NYSE: AES) is a Fortune 200 global power company with generation and distribution businesses. Through our diverse portfolio of thermal and renewable fuel sources, we provide affordable and sustainable energy to 28 countries. Our workforce of 29,000 people is committed to operational excellence and meeting the world's changing power needs. Our 2010 revenues were $17 billion and we own and manage $41 billion in total assets. To learn more, please visit www.aes.com.

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES' current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, our accurate projections of future interest rates, commodity price and foreign currency pricing, continued normal levels of operating performance and electricity volume at our distribution companies and operational performance at our generation businesses consistent with historical levels, as well as achievements of planned productivity improvements and incremental growth investments at normalized investment levels and rates of return consistent with prior experience.

Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES' filings with the Securities and Exchange Commission, including, but not limited to, the risks discussed under Item 1A "Risk Factors" in AES' 2010 Annual Report on Form 10-K and the Form 10-Q for the quarter ended March 31, 2011. Readers are encouraged to read AES' filings to learn more about the risk factors associated with AES' business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Any Stockholder who desires a copy of the Company's 2010 Annual Report on Form 10-K dated on or about February 25, 2011 with the SEC may obtain a copy (excluding Exhibits) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made. A copy of the Form 10-K may be obtained by visiting the Company's website atwww.aes.com.

SOURCE: The AES Corporation

The AES Corporation
Media/Investors
Joel Abramson, 703-682-6301