AES Andres and Dominican Power tender for 7.95% notes due 2026

By Wendy Van Sickle

Columbus, Ohio, April 19 – Dominican Republic-focused AES Andres BV and Dominican Power Partners have launched an 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.

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 5 p.m. ET on April 30, which is 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.

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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