---
schema_version: "secwatch.filing_event.v1"
accession: "0000004904-23-000042"
form_type: "8-K"
ticker: "AEP"
cik: "0000004904"
company_name: "AMERICAN ELECTRIC POWER CO INC"
filed_at: "2023-04-04T23:59:59+00:00"
generated_at: "2026-06-17T06:41:20.551199+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AEP extends $1B credit facility to March 2025; adds sustainability-linked pricing

## Summary
- Amended $1B credit agreement extending maturity from March 2024 to March 2025.
- Interest rate tied to sustainability metrics: renewable energy generation targets.
- Covenant requires debt-to-total-capitalization ratio not to exceed 67.5%.
- Cross-default triggered if AEP or subsidiaries have debt over $50M in default.

## SEC filing metadata
- accession: 0000004904-23-000042
- form_type: 8-K
- ticker: AEP
- cik: 0000004904
- company_name: AMERICAN ELECTRIC POWER CO INC
- filed_at: 2023-04-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4904/000000490423000042/0000004904-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4904/000000490423000042/aep-20230331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004904-23-000042
- JSON: https://secwatch.observer/filing/0000004904-23-000042.json
- Plain text: https://secwatch.observer/filing/0000004904-23-000042.txt

## Key facts
- Debt Financings
  AMERICAN ELECTRIC POWER CO INC amended credit facility of $1,000,000,000 with Wells Fargo Bank, National Association at variable interest rate maturing March 2025.
  - Instrument: credit facility
  - Principal: $1,000,000,000
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: variable interest rate
  - Maturity: March 2025
  - Event: amendment
  source text: On March 31, 2023, American Electric Power Company, Inc. (“AEP”) amended and extended an existing credit agreement, a two-year $1,000,000,000 facility, by extending the maturity from March 2024 to March 2025 (the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/4904/000000490423000042/0000004904-23-000042-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.