AEP enters $3.5B at-the-market equity distribution agreement, replaces $1.7B facility

AMERICAN ELECTRIC POWER CO INC

New agreement allows sale of up to $3.5B of common stock through ATM offerings on Nasdaq or privately.
Prior $1.7B ATM program from November 2023 terminated.
Sales agents include Barclays, BofA, Citi, J.P. Morgan, Mizuho, MUFG, Scotia, Wells Fargo.
Company may also enter forward stock purchase transactions with forward purchasers for hedging.
Proceeds will depend on market conditions, stock price, and capital needs; no actual sales yet.

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