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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): May 12, 2000
THE AES CORPORATION
(exact name of registrant as specified in its charter)
DELAWARE 333-15487 54-1163725
(State of Incorporation) (Commission File No.) (IRS Employer ID No.)
1001 North 19th Street, Suite 2000
Arlington, Virginia 22209
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code:
(703) 522-1315
NOT APPLICABLE
(Former Name or Former Address, if changed since last report)
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Item 5. Other Events
On May 12, 2000, The AES Corporation (the "Registrant") issued the
press release attached as Exhibit 99.1 to this report and incorporated herein
by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE AES CORPORATION
DATE: May 12, 2000 by: /s/ William R. Luraschi
Vice President and Secretary
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
AES ANNOUNCES PRICING OF SECURITIES OFFERINGS
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ARLINGTON, VA, MAY 12, 2000 -- The AES Corporation (NYSE: AES) announced
today that it had priced its offerings of Common Stock and trust convertible
preferred securities ("Convertibles") on May 12, 2000.
The underwritten offering of 10,750,000 shares of Common Stock (not including
the underwriters' overallotment option) was priced at $74.00 per share for
expected gross proceeds of $795.5 million. The private placement of
Convertibles was priced to yield 6%, with an effective conversion price of
$92.50 per share. The gross proceeds to the Company from the Convertibles
transaction are expected to be approximately $400 million (not including the
purchasers' overallotment option).
Net proceeds to the Company of the combined offerings are expected to be
approximately $1,160 million (not including the overallotment options).
Closing is expected to occur on May 17, 2000.
None of the foregoing share price or conversion price information has been
adjusted to give effect to the Company's pending 2-for-1 stock split.
The Convertibles have not been registered under the Securities Act of 1933,
as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.
