AEP To Redeem Junior Subordinated Debentures
COLUMBUS, Ohio, Nov. 8, 2012
COLUMBUS, Ohio, Nov. 8, 2012 /PRNewswire/ -- American Electric Power (NYSE:
AEP) today announced that on Dec. 19, 2012, it will redeem the entire
outstanding $315,000,000 principal amount of unsecured 8.75% Junior
Subordinated Debentures, at a redemption price equal to 100% of the principal
amount, plus accrued interest thereon to the date of redemption, and a
make-whole premium which will be determined three business days prior to the
Notice of the redemption is expected to be mailed Nov. 8, 2012. The
redemption is in accordance with the terms of the indenture under which the
Junior Subordinated Debentures were issued.
The Bank of New York Mellon Trust Company, N.A. is the redemption agent and
SOURCE American Electric Power
Contact: MEDIA CONTACT: Pat D. Hemlepp, Director, Corporate Media Relations,
+1-614-716-1620; ANALYSTS CONTACT: Bette Jo Rozsa, Managing Director, Investor
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