---
schema_version: "secwatch.filing_event.v1"
accession: "0001702494-25-000023"
form_type: "8-K"
ticker: null
cik: "0001702494"
company_name: "AEP Transmission Company, LLC"
filed_at: "2025-10-20T23:59:59+00:00"
generated_at: "2026-05-17T03:15:17.147900+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AEP Transmission closes $1.6B DOE-guaranteed loan for grid upgrades

## Summary
- DOE-guaranteed loan up to $1.604B to reconductor ~5,000 miles of transmission lines in IN, MI, OH, OK, WV.
- Loan matures April 15, 2055; interest at UST rate + 0.375%, payable semiannually starting April 2026.
- Proceeds used solely for eligible project costs; $6.68M in fees paid to DOE and advisors at closing.
- Agreement includes customary covenants and events of default; DOE may accelerate all amounts on default.

## SEC filing metadata
- accession: 0001702494-25-000023
- form_type: 8-K
- cik: 0001702494
- company_name: AEP Transmission Company, LLC
- filed_at: 2025-10-20T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702494/000170249425000023/0001702494-25-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702494/000170249425000023/aeptco-20251015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001702494-25-000023
- JSON: https://secwatch.observer/filing/0001702494-25-000023.json
- Plain text: https://secwatch.observer/filing/0001702494-25-000023.txt

## Key facts
- Debt Financings
  AEP Transmission Company, LLC incurred term loan of $1,604,409,000 with Federal Financing Bank at U.S. Treasury rate plus a spread equal to 0.375% maturing April 15, 2055.
  - Instrument: term loan
  - Principal: $1,604,409,000
  - Counterparty: Federal Financing Bank
  - Rate: U.S. Treasury rate plus a spread equal to 0.375%
  - Maturity: April 15, 2055
  - Event: incurrence
  source text: Company, LLC (the “Company”), a wholly owned subsidiary of American Electric Power Company, Inc. (“AEP”), for a loan facility of an aggregate principal amount of up to $1.6 billion through the DOE’s Energy Infrastructure Reinvestment Program (the “DOE Loan Program”) to be arranged by the DOE and extended by the Federal Financing Bank (the “FFB”). On October
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702494/000170249425000023/0001702494-25-000023-index.htm

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