Appalachian Power Company’s $400 Million Notes Offering


Hunton Andrews Kurth advised the Underwriters on the offering

Appalachian Power Company executed its $400 million aggregate principal amount of its 4.50% Senior Notes due 2049. The transaction closed on March 6, 2019.

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 is engaged in the generation, transmission and distribution of electric power to approximately 956,000 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.

Hunton Andrews Kurth LLP represented BNP Paribas Securities Corp., J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and SMBC Nikko Securities America, Inc., as joint book-running managers, in connection with the SEC registered offering with a team including Bud Ellis (Picture), Steve Friend and S. Ashley Jaber. Cary Tolley and Kimberly Nolte provided tax advice.

Involved fees earner: Bud Ellis – Hunton Andrew Kurth; Steven Friend – Hunton Andrew Kurth; Ashley Jaber – Hunton Andrew Kurth; Cary Tolley – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: BNP Paribas Securities; J.P. Morgan Securities LLC; MUFG Securities Americas Inc. ; SMBC Nikko Securities America;

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Author: Ambrogio Visconti