{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-231725","form_type":"8-K","ticker":null,"cik":"0002106973","company_name":"Appalachian Power Recovery Funding LLC","filed_at":"2026-05-20T11:30:19+00:00","discovered_at":"2026-05-20T11:35:00.451019+00:00","generated_at":"2026-05-20T11:37:56.437745+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Appalachian Power Recovery Funding LLC issues $1.3755B in Series 2026-A SAC Bonds","bullets":["Underwriting Agreement with Goldman Sachs, J.P. Morgan, RBC Capital Markets dated May 19, 2026.","Closing expected May 27, 2026; bonds are senior secured by securitized asset cost property.","Issuance is under Virginia Securitization Law and a Financing Order; proceeds for cost recovery.","Appalachian Power Company acts as seller and servicer in the transaction."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-231725","json":"https://secwatch.observer/filing/0001193125-26-231725.json","markdown":"https://secwatch.observer/filing/0001193125-26-231725.md","text":"https://secwatch.observer/filing/0001193125-26-231725.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2106973/000119312526231725/0001193125-26-231725-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/6879/000119312526231725/d27122d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T11:37:56.437745+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"86f753db4788f28bc0edbc112cbe685741468983","claim":"Appalachian Power Recovery Funding LLC entered into Underwriting Agreement with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and RBC Capital Markets, LLC, as representatives of the underwriters valued at $1,375,500,000 aggregate principal amount (effective 2026-05-19).","evidence_excerpt":"On May 19, 2026, Appalachian Power Company (“ APCo ”) and Appalachian Power Recovery Funding LLC (the “ Issuing Entity ”) entered into an Underwriting Agreement (the “ Underwriting Agreement ”) with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and RBC Capital Markets, LLC, as representatives of the underwriters (the “ Underwriters ”), with respect to the purchase and sale of $1,375,500,000 aggregate principal amount of the Issuing Entity’s Series 2026-A Senior Secured SAC Bonds (the “ Bonds ”) to be issued by the Issuing Entity pursuant to an Indenture and Series Supplement, each to be dated as of May 27, 2026.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2106973/000119312526231725/0001193125-26-231725-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and RBC Capital Markets, LLC, as representatives of the underwriters"},{"label":"Value","value":"$1,375,500,000 aggregate principal amount"},{"label":"Effective","value":"2026-05-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}