AES secures consent to amend 2028 notes ahead of planned merger, paying $2.25M consent fee to note holders.

AES Corporation has obtained the necessary consents from holders of its 5.450% Senior Notes due 2028 to approve amendments to the notes' indenture as part of a planned merger with Horizon Parent, L.P. Note holders who consented will share a $2.25 million payment, payable upon the merger's completion expected in late 2026 or early 2027. The amendments will only take effect if the merger closes; otherwise, the notes remain under current terms and no consent fee is paid. This step reduces the commitments under the merger's backstop facility by the principal amount of the outstanding notes, marking progress toward the transaction's closing.