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AEP Transmission Company, LLC has announced an agreement with a group of underwriters for the sale of $425 million in senior notes. The deal, which took place on Monday, involves the issuance of 5.375% Senior Notes, Series R, due in 2035, and was facilitated by PNC Capital Markets LLC, Truist Securities, Inc., and U.S. Bancorp (BVMF:USBC34) Investments, Inc.
The Columbus (WA:CLC), Ohio-based electric services company, which operates under the legal name of 01 Energy & Transportation, confirmed the arrangement in a recent filing with the Securities and Exchange Commission (SEC). The document, dated May 14, 2025, detailed the terms of the underwriting agreement and provided information on the company’s order and officers’ certificate, which set the terms of the notes.
As part of the transaction, the underwriters named in the agreement are responsible for the offering and sale of the notes. The Bank of New York Mellon (NYSE:BK) Trust Company, N.A. is serving as the trustee for the issuance.
In addition to the underwriting agreement, the SEC filing included exhibits such as the company order and officers’ certificate, forms of the notes, and the legal opinion on the notes’ legality provided by David C. House.
The Delaware-incorporated company, with its principal executive offices located at 1 Riverside Plaza, Columbus, OH, has not indicated any changes to its name or address since the last report. The company’s contact number is listed as 614-716-1000.
This financial move by AEP Transmission Company, LLC is based on the press release statement filed with the SEC, providing investors with the latest developments in the company’s financial activities.
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