AES files $750 million universal shelf registration statement.ARLINGTON, Va.--(BUSINESS WIRE)--Nov. 4, 1996--The AES Corp. (NYSE NYSE See: New York Stock Exchange : AES) announced Monday that it has filed a registration statement with the Securities and Exchange Commission under which it may offer, from time to time, up to $750 million of securities. The filing, often referred to as a "universal shelf", registers a variety of securities for possible future sale, including senior debt, senior and junior subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". , preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. and common stock. Any combination of these securities may be offered by AES directly or through special purpose entities. Barry Sharp, chief financial officer of AES, stated, "This universal shelf adds to the financial flexibility provided by our revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility and better positions us to take advantage of significant new business opportunities as they arise." AES is a leading global power company that generates, sells or markets electricity in over 35 countries. -0- For more general information visit our web site at www.aesc.com or contact investor relations at investing@aesc.com. The list aes-pr-announce is an automated mailing list and can be found on the investing page of our web site. Those who subscribe to this list will receive updates when AES issues a press release. CONTACT: AES, Arlington 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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