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American Electric Power plans to sell senior notes in two tranches
By Devika Patel
Knoxville, Tenn., Nov. 28 – American Electric Power Co., Inc. plans to price a two-part offering of fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will be sold in two tranches of series I notes and series J notes.
The series I notes are non-callable. The series J notes feature a make-whole call and then a par call.
Barclays, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Mizuho Securities USA Inc. are the bookrunners.
The co-managers are KeyBanc Capital Markets Inc. and MUFG.
Proceeds will be used for general corporate purposes.
American Electric Power is a Columbus, Ohio-based electricity provider.
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