AEP Subsidiary Appalachian Power To Redeem Senior Notes
COLUMBUS, Ohio, April 22, 2014 /PRNewswire/ -- Appalachian Power Company, a public utility subsidiary of American Electric Power (NYSE: AEP), today announced that on May 22, 2014, it will redeem the entire outstanding $200 million principal amount of its 4.95 percent Senior Notes, Series I, due 2015. The notes will be redeemed at 100 percent of the principal amount outstanding (at par value of $100 per Senior Note), plus interest through the date of redemption, plus the required make-whole premium.
Notice of the redemption was mailed on April 22, 2014. This redemption is in accordance with the terms of the indenture under which the notes were issued.
The Bank of New York Mellon Trust Company, N.A. is the redemption agent and trustee.
SOURCE American Electric Power