- Horizon Parent plans to acquire AES through a merger in which Horizon Merger Sub will merge into AES, with AES surviving.
- In connection with the deal, IPALCO extended consent solicitations for its 4.25% senior notes due 2030 and 5.75% senior notes due 2034 to March 24.
- The consent fee was revised to a variable amount ranging from USD 2.5 to about USD 5 per USD 1,000 principal, depending on participation levels.
- Consent fees are expected to be paid around the time the merger closes, which is currently expected in late 2026 or early 2027.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The AES Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: PH14436) on March 19, 2026, and is solely responsible for the information contained therein.