debt
confidence high
sentiment neutral
materiality 0.50
AEP issues $1B of 5.20% Senior Notes due 2029
AMERICAN ELECTRIC POWER CO INC
- Offering of $1,000,000,000 aggregate principal amount of 5.20% Senior Notes, Series R, due 2029.
- Underwriters include Barclays, BofA Securities, Goldman Sachs, U.S. Bancorp, and Wells Fargo.
- Notes priced on December 6, 2023; settlement and issuance expected on December 8, 2023.
- Proceeds intended for general corporate purposes, including debt repayment or capital expenditures.