IPALCO Enterprises, Inc. Announces Extension of its Registered Exchange Offer
January 05 2018 - 09:07AM
Business Wire
IPALCO Enterprises, Inc. (“IPALCO”) announced today that its
pending offer to exchange (the “Exchange Offer”) any and all of its
outstanding existing 3.70% Senior Secured Notes due 2024 (the “Old
Notes”), which were issued in a private placement, for its new
3.70% Senior Secured Notes due 2024 (the “New Notes”), which have
been registered under the Securities Act of 1933, as amended (the
“Act”), originally set to expire at 11:59 p.m., New York City time,
on January 4, 2018, has been extended and is now set to expire at
11:59 p.m., New York City time, on Monday, January 8, 2018. IPALCO
has been advised that tenders with respect to approximately $404.2
million aggregate principal amount of the Old Notes, out of a total
of $405 million aggregate principal amount outstanding, have been
received to date.
The terms of the New Notes are identical in all material
respects to the terms of the Old Notes, except that the New Notes
have been registered under the Act, pursuant to an effective
registration statement on Form S-4 filed with the Securities and
Exchange Commission (the “SEC”), and the transfer restrictions and
registration rights relating to the Old Notes do not apply to the
New Notes.
The terms of the Exchange Offer are set forth in a prospectus
dated December 5, 2017 (the “Prospectus”). Documents related to the
Exchange Offer, including the Prospectus and the associated letter
of transmittal, have been filed with the SEC and may be obtained
from the exchange agent, U.S. Bank National Association, Corporate
Trust-Specialized Finance, 111 Fillmore Avenue E, St. Paul,
Minnesota 55107.
This press release is not an offer to exchange or buy, or a
solicitation of an offer to exchange, buy or sell, any of IPALCO’s
securities. The Exchange Offer is being made only pursuant to the
Prospectus and the associated letter of transmittal. The Exchange
Offer, as extended hereby, remains subject to the terms and
conditions stated therein.
Forward Looking Statements
Certain statements contained in this press release are
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Matters discussed in this
press release that relate to events or developments that are
expected to occur in the future, including management’s
expectations, strategic objectives, business prospects, anticipated
economic performance, financial position and other similar matters
constitute forward-looking statements. Forward-looking statements
are based on management’s beliefs, assumptions and expectations of
future economic performance, taking into account the information
currently available to management. These statements are not
statements of historical fact and are typically identified by terms
and phrases such as “anticipate,” “believe,” “intend,” “estimate,”
“expect,” “continue,” “should,” “could,” “may,” “plan,” “project,”
“predict,” “will” and similar expressions. Such forward-looking
statements are subject to risks and uncertainties and investors are
cautioned that outcomes and results may vary materially from those
projected due to various factors beyond IPALCO’s control, including
but not limited to the risks and other factors discussed in the
Prospectus and in IPALCO’s filings with the SEC.
Forward-looking statements speak only as of the date of the
document in which they are made. IPALCO disclaims any obligation or
undertaking to provide any updates or revisions to any
forward-looking statement to reflect any change in its expectations
or any change in events, conditions or circumstances on which the
forward-looking statement is based. If IPALCO does update one or
more forward-looking statements, no inference should be made that
IPALCO will make additional updates with respect to those or other
forward-looking statements.
All such factors are difficult to predict, contain uncertainties
that may materially affect actual results and many are beyond
IPALCO’s control. See “Risk Factors” in the Prospectus for a more
detailed discussion of the foregoing and certain other factors that
could cause actual results to differ materially from those
reflected in such forward-looking statements and that should be
considered in evaluating IPALCO’s outlook.
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version on businesswire.com: http://www.businesswire.com/news/home/20180105005431/en/
IPALCO Enterprises, Inc.Media Contact:Brandi Davis-Handy,
317-261-8423brandi.davishandy@aes.com
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