Appalachian Power Company’s $100 Million Senior Notes Offering

Hunton Andrews Kurth advised J.P. Morgan Securities LLC as sole underwriter on the deal.

Appalachian Power Company (the “Company”) entered into an Underwriting Agreement with J.P. Morgan Securities LLC (the “Underwriter”), relating to the offering and sale by the Company of $100,000,000 aggregate principal amount of 2.70% Senior Notes, Series AA, due 2031 (the “Notes”).

The $400,000,000 aggregate principal amount of Notes are part of the same series of debt securities under the Company’s indenture as the Senior Notes issued on March 11, 2021.

APCo is a subsidiary of American Electric Power Company (“AEP”) and is part of AEP’s vertically integrated utilities segment. APCo is organized in Virginia and is engaged in the generation, transmission and distribution of electric power to approximately 964,000 retail customers in the southwestern portion of Virginia and southern West Virginia, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities and other market participants. APCo owns 6,629 MWs of generating capacity. APCo uses its generation to serve its retail and other customers.

The Hunton Andrews Kurth team included Bud Ellis (Picture), Steven Friend, Michelle Chan and Mae Ji. Robert McNamara and Tim Strother provided tax advice.

Involved fees earner: Michelle Chan – Hunton Andrew Kurth; Bud Ellis – Hunton Andrew Kurth; Steven Friend – Hunton Andrew Kurth; Mae Ji – Hunton Andrew Kurth; Robert McNamara – Hunton Andrew Kurth; Tim Strother – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: JP Morgan Securities;

Author: Martina Bellini