Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AEP Transmission Co., LLC > News item |
AEP Transmission plans offering of series Q senior notes
Chicago, March 11 – AEP Transmission Co., LLC plans to sell series Q senior notes, according to a 424B5 filed with the Securities and Exchange Commission.
The notes will feature make-whole and par call options, with the par call period starting a number of months before the maturity date.
Credit Agricole Securities (USA) Inc., Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and PNC Capital Markets LLC are leading the sale.
Huntington Securities, Inc. and C.L. King & Associates, Inc. are listed as co-managers.
Bank of New York Mellon Trust Co., NA will be the trustee.
In-house counsel will advise the issuer. Hunton Andrews Kurth LLP is counsel to the underwriters.
Proceeds will be used to fund a construction program and for other general corporate purposes relating to the issuer’s utility business. General corporate purposes may include redeeming debt and replenishing working capital.
The electric utility subsidiary of American Electric Power Co. Inc. is based in Columbus, Ohio.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.