================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): June 8, 1999
THE AES CORPORATION
(exact name of registrant as specified in its charter)
DELAWARE 333-15487 54-1163725
(State of Incorporation) (Commission File No.) (IRS Employer Identification No.)
1001 North 19th Street, Suite 2000
Arlington, Virginia 22209
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code:
(703) 522-1315
NOT APPLICABLE
(Former Name or Former Address, if changed since last report)
================================================================================
Item 5. Other Events
On May 28, 1999, our subsidiary that is the parent of Empresa Distribuidora
de Energia Norte S.A. (Eden) and Empresa Distribuidora de Energia Sur S.A.
(Edes), together with Eden and Edes, failed to repay when due $330 million of
short-term indebtedness, which is non-recourse to AES, incurred in connection
with our acquisition of Eden and Edes. The lenders of such financing have
granted our subsidiaries a waiver within the applicable grace period extending
repayment until June 18, 1999. Based on discussions with the lenders, we believe
that our subsidiaries will be able to arrange financing to repay such
indebtedness on or prior to its maturity. Our subsidiaries do not have a
commitment for such financing, however, and there can be no assurance that our
subsidiaries will be successful in obtaining such financing on a timely basis,
if at all.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE AES CORPORATION
Date: June 8, 1999 By /s/ Barry J. Sharp
--------------------
Barry J. Sharp