UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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|
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On September 24, 2021, The AES Corporation (the “Company”) entered into that certain Eighth Amended and Restated Credit Agreement, among the Company, the lenders from time to time party thereto, Citibank, N.A., as Administrative Agent (in such capacity, the “Agent”) and the LC Issuing Banks listed on the signature pages thereof (the “LC Issuing Banks”), which amends and restates the revolving credit facility set forth in that certain Seventh Amended and Restated Credit and Reimbursement Agreement, dated as of December 20, 2019, among the Company, the Agent and the lenders listed on the signature pages thereof. The Eighth Amended and Restated Credit Agreement includes the following terms and conditions:
| • | the interest rate margin applicable to the revolving credit loan facility is based on the credit rating assigned to the loans under the Eighth Amended and Restated Credit Agreement, with current pricing at LIBOR + 1.75%; |
| • | the final maturity date of the revolving credit loan facility is September 24, 2026; |
| • | the aggregate commitment for the unsecured revolving credit loan facility is $1.25 billion. |
The foregoing description of the Eighth Amended and Restated Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the Eighth Amended and Restated Credit Agreement, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The discussion contained in "Item 1.01 Entry into a Material Definitive Agreement" of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
|
Exhibit No. |
Description | |
| 10.1 | Eighth Amended and Restated Credit Agreement dated as of September 24, 2021 among The AES Corporation, a Delaware corporation, the lenders listed on the signature pages thereof, Citibank, N.A., as Administrative Agent and Citibank, N.A., Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corporation, as Joint Lead Arrangers. | |
| 101 | Inline XBRL Document Set for the Cover Page from this Current Report on Form 8-K, formatted as Inline XBRL | |
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE AES CORPORATION | |||
| By: | /s/ Paul L. Freedman | ||
| Name: | Paul L. Freedman | ||
| Title: | Executive Vice President and General Counsel | ||
Date: September 28, 2021
EXHIBIT INDEX
|
Exhibit No. |
Description | |
| 10.1 | Eighth Amended and Restated Credit Agreement dated as of September 24, 2021 among The AES Corporation, a Delaware corporation, the lenders listed on the signature pages thereof, Citibank, N.A., as Administrative Agent and Citibank, N.A., Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corporation, as Joint Lead Arrangers. | |
| 101 | Inline XBRL Document Set for the Cover Page from this Current Report on Form 8-K, formatted as Inline XBRL | |
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) | |