AES lays groundwork for senior secured bond
AES Corp is preparing to meet fixed-income investors ahead of a potential senior secured bond offering.
The company has tapped Credit Suisse as left lead on the proposed deal, and Citi, Bank of America and JP Morgan as bookrunners.
The independent power producer's senior secured debt is rated Baa3 by Moody's Investors Service and BBB- by S&P Global Ratings.
Moody's upgraded the senior secured debt from Ba1 to Baa3, the lowest investment grade rating, in June 2018.
As of t...