AES Receives Consents for its 10 1/4% Senior Subordinated Notes Due 2006.ARLINGTON, Va.--(BUSINESS WIRE)--Aug. 20, 1997--The AES Corporation AES Corporation AES (NYSE) is a Fortune 1000 company that generates and distributes electrical power. It was founded on January 28, 1981 by Roger Sant from the US Federal Energy Administration and Dennis Bakke from the Office of Management and Budget. (NYSE NYSE See: New York Stock Exchange : AES) announced Wednesday that it had received the necessary consents from the holders of its 10 1/4% Senior Subordinated Notes due 2006 (the "Notes") to amend the Notes to conform the convenants, events of default and defeasance defeasance n. an antiquated word for a document which terminates the effect of an existing writing such as a deed, bond, or contract if some event occurs. DEFEASANCE, contracts, conveyancing. provisions contained therein (but not any of the financial terms) to those contained in its recently completed offering of $325 million aggregate principal amount of 8 3/8% Senior Subordinated Notes due 2007. CONTACT: The AES Corporation Kenneth R. Woodcock woodcock: see snipe. woodcock Any of five species (family Scolopacidae) of plump, sharp-billed migratory birds of damp, dense woodlands in North America, Europe, and Asia. , 703/522-1315 |
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