March 31, 2009 (FinancialWire) -- The AES Corp. (NYSE: AES) said that it has priced a private placement of senior unsecured notes, consisting of $535 million principal amount of 9.75% senior notes due 2016.

The company plans to use the net proceeds from the sale of the notes for general corporate purposes, including, refinancing debt or providing working capital. AES said it may use such proceeds to repay at or prior to maturity $154 million of its 9.50% senior unsecured notes due 2009, $214 million of its 9.375% senior unsecured notes due 2010, as well as to repay or replace its recently amended $785 million senior secured credit facility or its $600 million senior unsecured credit facility.

Arlington, Virginia-based AES is a power company with operations in 29 countries, including 14 regulated utilities. The company posted 2007 revenues of $13.6 billion, and employs around 28,000 people.

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