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AES gets waiver from loan group of defaults related to 2003 financial restatements
By Sara Rosenberg
New York, April 5 - The AES Corp. obtained a waiver from its bank group of defaults related to the restatement of its 2003 financial statements on Wednesday, according to an 8-K filed with the Securities and Exchange Commission.
With this waiver, the company is now able to borrow additional funds under the revolving credit facility.
AES is an Arlington, Va.-based owner and operator of electric power generation and distribution businesses.
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