Debt ManagementThe transaction will allow AES to reduce holding company debt, specifically the 4.125% DPL Inc $415m bonds maturing in July 2025, representing ~50% of holdco debt at AES Ohio.
Renewable Energy GrowthAES owns a global portfolio of energy infrastructure assets and is on a rapid path to have the vast majority of its earnings generated by US renewables and regulated utilities, while exiting coal exposure.
Strategic PartnershipsAES announced the sale of a 30% equity interest in AES Ohio to CDPQ for $546m, expanding the current partnership at AES Indiana, where CDPQ already owns a 30% interest.