SEC Contract Filing

Filing Date: 2022-11-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.31
<SEQUENCE>3
<FILENAME>aes0930202210-qexhibit1031.htm
<DESCRIPTION>EX-10.31
<TEXT>
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<title>Document</title></head><body><div id="ifceeeaa98e054b438ed0ada88ce3a3a0_33"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">EXECUTION COPY</font></div><div style="margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AMENDMENT NO. 1 TO THE CREDIT AGREEMENT</font></div><div style="margin-top:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Dated as of August 23, 2022</font></div><div style="margin-top:6pt;text-indent:72pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">AMENDMENT NO. 1 TO THE CREDIT AGREEMENT</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (this &#8220;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Amendment</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;) among THE AES CORPORATION, a Delaware corporation (the &#8220;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Borrower</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;), the banks, financial institutions and other institutional lenders parties to the Credit Agreement referred to below (collectively, the &#8220;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Lenders</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;) and CITIBANK, N.A., as administrative agent (the &#8220;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Administrative Agent</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;) for the Lenders.</font></div><div style="margin-top:6pt;text-indent:72pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PRELIMINARY STATEMENTS&#58;</font></div><div style="margin-top:6pt;text-indent:72pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1) The Borrower, the Lenders and the Administrative Agent are parties to that certain Eighth Amended and Restated Credit Agreement dated as of September 24, 2021 (the &#8220;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Credit Agreement</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement.</font></div><div style="margin-top:6pt;text-indent:72pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2) Pursuant to Section 2.05(c) of the Credit Agreement, the Borrower has requested that the aggregate amount of the Commitments be increased from $1,250,000,000 to $1,500,000,000.</font></div><div style="margin-top:6pt;text-indent:72pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(3) Pursuant to Section 2.18 of the Credit Agreement, the Borrower has requested that the Termination Date (pursuant to clause (i) of the definition thereof) be extended from September 24, 2026 to August 23, 2027.</font></div><div style="margin-top:6pt;text-indent:72pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4) The Borrower has requested certain amendments to the Credit Agreement, and the parties hereto agree to such amendments as set forth in, and in accordance with the terms and conditions of, this Amendment (the Credit Agreement as so amended, the &#8220;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Amended Credit Agreement</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;).</font></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt">Consent to Extension Request. Each Lender so indicating on its signature page to this Amendment agrees to extend the Termination Date (pursuant to clause (i) of the definition thereof) to August 23, 2027 (each such Lender, an &#8220;Extending Lender&#8221;). This agreement to extend the Termination Date is subject in all respects to the terms of the Credit Agreement, other than the provisions of Section 2.18 of the Credit Agreement that require that the requested extension be for a period of one year or that specify the date by which the Borrower must submit an extension request, the date by which Extendi