Southwestern Electric Power Company’s $450 million Senior Notes Offering

Hunton & Williams LLP advised the underwriters on an SEC-registered offering by Southwestern Electric Power Company of $450 million aggregate principal amount of Senior Notes, Series L, due 2048.

BofA Merrill Lynch, Barclays, KeyBanc Capital Markets and UBS Investment Bank acted as Joint Book-Running Managers on the offering.

SWEPCo is a subsidiary of American Electric Power Company, Inc., a public utility holding company. SWEPCo is engaged in the generation, transmission and distribution of electric power to approximately 533,000 retail customers in northeastern and panhandle of Texas, northwestern Louisiana and western Arkansas and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives and other market participants.

The Hunton & Williams LLP team included Bud Ellis (Picture), Steven Friend, Soyung Kang and Paloma Luz. Cary Tolley and Anna Page provided tax advice.

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

Law Firms: Hunton & Williams LLP;

Clients: Barclays Bank; Bank of America Merrill Lynch; UBS Investment; KeyBanc Capital Markets;

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Author: Ambrogio Visconti