AES Powers to Market with M&A Loan

Sheahan, Matthew
May 2011
High Yield Report;5/23/2011, Vol. 22 Issue 21, p22
The article reports that AES, a power generation company, is on the market for a 1.05 billion U.S. dollars 7-year cov-lite term loan to finance its acquisition of DPL valued at 4.7 billion U.S. dollars. AES also plans to issue 800 million U.S. dollars revolving loan and 1 billion U.S. dollars in unsecured senior notes. The syndication team is led by Bank of America Merrill Lynch which provided a bridge loan worth 3.3 billion U.S. dollars.


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