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Latham Advises on Indianapolis Power & Light Company’s US$650 Million First Mortgage Bonds Offering

March 20, 2024
Firm represents the initial purchasers in the offering by the regulated utility company.

On March 18, 2024, Indianapolis Power & Light Company, a subsidiary of IPALCO Enterprises, Inc. and The AES Corporation, which does business as AES Indiana, closed an offering of US$650 million 5.700% First Mortgage Bonds due 2054 in a private offering under Rule 144A and Regulation S of the Securities Act of 1933 to eligible purchasers.

Latham & Watkins represented the initial purchasers in the offering with a corporate team led by New York partner Erika Weinberg and of counsel Jonathan Rod, with associates Robyn Sablove, Alex Gulino, and Richard Dacher. Advice was also provided on energy regulatory matters by Washington, D.C. partner Tyler Brown, with counsel Jamie Blackburn; on environmental matters by New York partner Gary Gengel, with associate Tal Carmeli; and on tax matters by New York partner Jiyeon Lee-Lim, with associate Jacob Nagelberg.