January 19, 2022 |
US energy company AES Corp priced $360 million in five-year bonds on Friday, raising money to pay off the bridge loan it used to buy a larger stake in its Chilean subsidiary, AES Andes, a source involved in the deal told LatinFinance.
AES priced the new 2027 notes at par to yield 6.5% after opening the deal at the same rate, the source said. The company had planned to issue $350 million but added $10 million to fill demand, the source added.
Goldman Sachs was the sole bookrunner on the bond sale
US power company raises $360 mln to pay for a larger stake in AES Andes