secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN ELECTRIC POWER CO INC (AEP)
CIK:        0000004904
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0000004904-23-000094
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4904/000000490423000094/0000004904-23-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4904/000000490423000094/aep-20230602.htm
  HTML page:      https://secwatch.observer/filing/0000004904-23-000094

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