May 24, 2017 -- The AES Corporation announced today that it entered into a $525 million credit agreement, dated as of May 24, 2017, among The AES Corporation, as borrower, the banks listed therein and Barclays Bank PLC, as administrative agent. The Credit Agreement provides for borrowings in an aggregate principal amount of up to $525 million. The proceeds of the Facility will be used by the Company to redeem its $3.375 Term Convertible Securities, Series C (“TECONS”) (CUSIP No. 00808N202) and for general corporate purposes. The TECONS, which trade on the New York Stock Exchange under the ticker symbol “AES-C”, have been called for redemption on June 23, 2017. The Company is redeeming all of the outstanding TECONS at a redemption price equal to the sum of 100% of the principal amount of the TECONS to be redeemed (or $50 per $50 TECONS) plus accrued and unpaid distributions thereon to the Redemption Date ($0.647 per $50 TECONS). Payment of the Redemption Price, plus any accrued and unpaid dividends payable on the redemption date, without interest, will be made only upon presentation and surrender of the certificates representing the TECONS to the redemption agent, Wells Fargo Bank, N.A., 600 South Fourth Street, Minneapolis, Minnesota 55415. For further information, holders may contact Wells Fargo Bank, N.A. by phone, 1-800-344-5128, or email, bondholdercommunications@wellsfargo.com. The TECONS are convertible into AES common stock at any time prior to the close of business on June 22, 2017 (the business day prior to the redemption date) at a conversion rate (which has been adjusted to give effect to the 2-for-1 stock split effected by means of a stock dividend paid on June 1, 2000) of 1.4216 shares of AES common stock for each TECONS (equal to a conversion price of $35.1705 per share of AES common stock). Holders may convert their TECONS prior to such time by delivering them together with an irrevocable conversion notice to the conversion agent, Wells Fargo Bank, N.A., 600 South Fourth Street, Minneapolis, Minnesota 55415. ____________ From the prospectus: Because the issuer has the right to extend the interest payment period for an Extension Period of up to 20 consecutive quarterly interest periods on various occasions, the junior subordinated debt trust securities will be treated as issued with "original issue discount" for United States federal income tax purposes. As a result, holders of preferred securities will be required to include their pro rata share of original issue discount in gross income as it accrues for United States federal income tax purposes in advance of the receipt of cash. Generally, all of a securityholder's taxable interest income with respect to the junior subordinated debt trust securities will be accounted for as "original issue discount" and actual distributions of stated interest will not be separately reported as taxable income. See "ACCRUAL OF ORIGINAL ISSUE DISCOUNT" on page S-39 of the prospectus for further details.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  AES Trust III, $3.375 Trust Convertible Preferred Securities, liquidation preference $50 per share, guaranteed by The AES Corp. (NYSE: AES), redeemable at the issuer's option on or after 10/17/2002 at $50 per share plus accrued and unpaid dividends, maturing 10/15/2029, distributions of $3.375 per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The preferred shares are convertible any time at the holder's option (adjusted for the 2/1 split of 5/01/2000) into 1.4216 common shares of The AES Corp. (NYSE: AES), a conversion price of $35.171 per common share. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 6.75% Junior Subordinated Convertible Deferrable Interest Debentures due 10/15/2029 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the convertible trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
NYSE Chart	6.75% $3.375	$50.00 $50.00	Called for 6/23/2017 10/15/2029	B2 B 1/22/2016	1.4216 $35.171	1/15, 4/15, 7/15 & 10/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     http://www.aesc.com/
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Email Address	investing@aesc.com
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Address and Phone Numbers

Address:   1001 North 19th Street, Suite 2000, Arlington, VA 22209
Main Phone Number	703-522-1315
Fax Number	703-528-4510
Investor Relations   Kenneth R. Woodcock	703-522-1315
Toll Free Phone Number	Unknown

CEO - Dennis W. Bakke

CFO - Barry J. Sharp