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AES amends loan facility to reduce commitments, extend maturity date

AES Corp. amended a credit agreement to reduce the aggregate commitments for the revolving credit loan facility by $100 million to $1.0 billion and extend the maturity date to Dec. 20, 2024.

As per the amendment, the interest rate margin applicable to the facility is now based on the credit rating assigned to the loans, with a decrease in pricing from London interbank offered rate plus 2.00% to current pricing at Libor plus 1.75%, according to a Form 8-K filed Dec. 23.