debt
confidence high
sentiment neutral
materiality 0.55
Kentucky Power issues $478M Series 2025 Senior Secured Recovery Bonds
Kentucky Power Cost Recovery LLC
- $477,749,000 aggregate principal amount of Senior Secured Recovery Bonds issued June 5, 2025.
- Underwriters: Jefferies LLC, Guggenheim Securities, LLC, SMBC Nikko Securities America, Inc.
- Bonds issued by Kentucky Power Cost Recovery LLC; secured by cost recovery property (ratepayer charges).
- Proceeds used for standard utility financing securitization; no specific uses stated.
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