News

American Electric Power today announced the pricing of a registered underwritten offering of 19,607,844 shares of its common stock at a price to the public of $102.00 per share. Subject to certain conditions, all shares are expected to be borrowed by the forward counterparties (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. Citigroup, Barclays, BofA Securities and Wells Fargo Securities are acting as lead book-running managers for this offering. Goldman Sachs & Co. LLC, J.P. Morgan, Mizuho, Morgan Stanley, MUFG and Scotiabank are also acting as joint book-running managers and RBC Capital Markets and KeyBanc Capital Markets are acting as co-managers for this offering.

American Electric Power received conditional commitment from the U.S. Department of Energy’s Loan Program Office (LPO) to support the company’s upgrade of nearly 5,000 miles of transmission lines in Indiana, Michigan, Ohio, Oklahoma, and West Virginia.