AEP completes remarketing of $850M 1.30% debentures into 5.699% notes due 2025

AMERICAN ELECTRIC POWER CO INC

Remarketed $850M of 1.30% Junior Subordinated Debentures due 2025 into $850M of 5.699% Junior Subordinated Notes due 2025.
New notes mature August 15, 2025; interest payable semi-annually on Feb 15 and Aug 15.
Company did not receive any proceeds; proceeds used to buy Treasury securities maturing Aug 10, 2023 to settle purchase contracts on Aug 15, 2023.
Supplemental Indenture No. 5 executed with Bank of New York Mellon as trustee to modify terms.
Remarketing agents were J.P. Morgan Securities LLC and Mizuho Securities USA LLC.

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