---
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"
generated_at: "2026-05-20T11:37:56.437745+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Appalachian Power Recovery Funding LLC issues $1.3755B in Series 2026-A SAC Bonds

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-231725
- form_type: 8-K
- cik: 0002106973
- company_name: Appalachian Power Recovery Funding LLC
- filed_at: 2026-05-20T11:30:19+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-231725
- JSON: https://secwatch.observer/filing/0001193125-26-231725.json
- Plain text: https://secwatch.observer/filing/0001193125-26-231725.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and RBC Capital Markets, LLC, as representatives of the underwriters
  - Value: $1,375,500,000 aggregate principal amount
  - Effective: 2026-05-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2106973/000119312526231725/0001193125-26-231725-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.