Appalachian Power Company’s $325 Million Senior Notes Offering


Hunton & Williams LLP represented the underwriters in connection with an SEC registered offering by Appalachian Power Company (“APCo”) of $325 million aggregate principal amount of its 3.300% Senior Notes due 2027. The transaction closed on May 11, 2017.

BNP Paribas Securities Corp., KeyBanc Capital Markets Inc. and Wells Fargo Securities, LLC acted as Underwriters.

Appalachian Power Company 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 engaged in the generation, transmission and distribution of electric power to approximately 957,000 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 6,640 MWs of generating capacity. APCo uses its generation to serve its retail and other customers.

The Hunton & Williams team included Bud Ellis, Steve Friend and Felicity Lewis. Anna Page and Cary Tolley provided tax advice.

Involved fees earner: Bud Ellis – Hunton & Williams LLP; Steven Friend – Hunton & Williams LLP; Felicity Lewis – Hunton & Williams LLP; Anna Knecht Page – Hunton & Williams LLP; Cary Tolley – Hunton & Williams LLP;

Law Firms: Hunton & Williams LLP;

Clients: BNP Paribas Securities; Wells Fargo; KeyBanc Capital Markets;

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Author: Ambrogio Visconti