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Ipalco Enterprises, Inc. (728391) SEC Filing 10-Q Quarterly report for the period ending Wednesday, September 30, 2020

Ipalco Enterprises, Inc.

CIK: 728391

Exhibit 99.1

 

IPALCO Enterprises, Inc. Announces Proposed Private Offering of Senior Secured Notes

 

April 8, 2020 -- Indianapolis -- IPALCO Enterprises, Inc. (the “Company”) announced today that it intends, subject to market and other conditions, to offer senior secured notes (the “Notes”) in a private offering exempt from registration in accordance with Rule 144A and Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”).

 

The Company intends to use the net proceeds from the Notes to finance its repurchase or redemption of its outstanding 3.45% Senior Secured Notes due 2020, of which $405 million is currently outstanding, to repay in full the indebtedness outstanding under its term loan, of which $65 million is currently outstanding, and to pay related fees and expenses. Any remaining net proceeds will be used for general corporate purposes.

 

The Notes are being offered only to qualified institutional buyers in reliance upon Rule 144A under the Securities Act and, outside the United States, only to non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements under the Securities Act or any state securities laws.

 

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

 

About the Company

 

IPALCO Enterprises, Inc. is a holding company which, through its principal subsidiary Indianapolis Power & Light Company, a regulated electric utility, engages primarily in generating, transmitting, distributing and selling electric energy, with its customer base concentrated in Indianapolis, Indiana. IPALCO Enterprises, Inc. is owned by The AES Corporation, a global power company, with CDP Infrastructures Fund G.P., a wholly owned subsidiary of La Caisse de dépôt et placement du Québec (CDPQ), as minority interest holder.

 

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 the Company’s control, including but not limited to the risks and other factors discussed in the Company’s filings with the Securities and Exchange Commission.

 

Forward-looking statements speak only as of the date of the document in which they are made. The Company 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 the Company does update one or more forward-looking statements, no inference should be made that the Company will make additional updates with respect to those or other forward-looking statements.

 

IPALCO Enterprises, Inc.
Media Contact:
Courtney Arango, 317-220-1501
courtney.arango@aes.com

 

 


The following information was filed by Ipalco Enterprises, Inc. on Wednesday, April 8, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Ipalco Enterprises, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Unaudited Condensed Consolidated Balance Sheets
Unaudited Condensed Consolidated Balance Sheets (Parenthetical)
Unaudited Condensed Consolidated Statements Of Cash Flows
Unaudited Condensed Consolidated Statements Of Common Stockholders' Equity ( Deficit) Statement
Unaudited Condensed Consolidated Statements Of Comprehensive Income Statement
Unaudited Condensed Consolidated Statements Of Operations
Benefit Plans
Benefit Plans (Narrative) (Details)
Benefit Plans (Schedule Of Defined Benefit Plans Disclosures) (Details)
Benefit Plans (Schedule Of Net Periodic Benefit Costs) (Details)
Benefit Plans (Tables)
Business Segment Information (Details)
Business Segment Information (Notes)
Business Segment Information (Tables)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt
Debt (Narrative) (Details)
Debt (Schedule Long-Term Indebtedness) (Details)
Debt (Tables)
Derivative Instruments And Hedging Activities (Details)
Derivative Instruments And Hedging Activities (Notes)
Derivative Instruments And Hedging Activities (Tables)
Fair Value
Fair Value (Narrative) (Details)
Fair Value (Schedule Of Face And Fair Value Of Debt) (Details)
Fair Value (Tables)
Fair Value Summary Of Fair Value Assets And Liabilities Measured On A Recurring Basis (Details)
Income Taxes
Income Taxes (Narrative) (Details)
Leases (Details)
Leases (Notes)
Leases (Tables)
Leases, Codification Topic 842 (Policies)
Overview And Summary Of Significant Accounting Policies
Overview And Summary Of Significant Accounting Policies (Details)
Overview And Summary Of Significant Accounting Policies (Policies)
Overview And Summary Of Significant Accounting Policies (Tables)
Overview And Summary Of Significant Accounting Policies Schedule Of Accounts And Notes Receivable (Details)
Overview And Summary Of Significant Accounting Policies Schedule Of Cash, Restricted Cash And Cash Equivalents (Details)
Regulatory Matters
Regulatory Matters (Details)
Revenue (Details)
Revenue (Notes)
Revenue (Tables)
Risks And Uncertainties (Details)
Risks And Uncertainties (Notes)
Risks And Uncertainties (Tables)

Material Contracts, Statements, Certifications & more

Ipalco Enterprises, Inc. provided additional information to their SEC Filing as exhibits

CIK: 728391
Form Type: 10-Q Quarterly Report
Accession Number: 0000728391-20-000048
Submitted to the SEC: Thu Nov 05 2020 5:46:11 PM EST
Accepted by the SEC: Fri Nov 06 2020
Period: Wednesday, September 30, 2020
Industry: Electric Services

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