AES Andres and Dominican Power give early tender results for 7.95% notes

Chicago, April 30 – Dominican Republic-focused AES Andres BV and Dominican Power Partners announced the early tender results of its offer to purchase for cash any and all of their $270.1 million of 7.95% senior notes due 2026 (Cusip: 00809YAA6, N01008AA4), according to a news release.

As of the early deadline, 5 p.m. ET on April 30, the company received tenders for $218,954,380 of the notes.

The companies will pay a total consideration per $1,000 principal amount of $1,039.75, which includes a $30 early tender premium that will be paid only to holders who tender by the early deadline, which was also the withdrawal deadline.

The issuers will also pay accrued interest.

The offer will expire at 11:59 p.m. ET on May 14.

Early settlement is expected to occur on May 4 and final settlement on May 18.

Payment for the tender offer is expected to come from the recent $300 million offering of notes that priced on April 29.

Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106), J.P. Morgan Securities LLC (866 846-2874 or 212 834-7279) and Scotia Capital (USA) Inc. (833 498-1660) are the dealer managers

Global Bondholder Services Corp. (866 470-3700, 212 430-3774 or contact@gbsc-usa.com) is the tender and information agent.

Andres Dominicana is a special purpose vehicle for Virginia-based AES, a private power generator in the Dominican Republic.

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