Item 8.01.Other Events
On November 18, 2020, American Electric Power Company, Inc. (the "Company")
issued debt securities pursuant to an Underwriting Agreement, for which BofA
Securities, Inc., MUFG Securities Americas Inc., Scotia Capital (USA) Inc. and
TD Securities (USA) LLC acted as Representatives for the Underwriters, relating
to the offering and sale by the Company of $450,000,000 0.75% Senior Notes,
Series M, due 2023, $450,000,000 1.00% Senior Notes, Series N, due 2025 and
$600,000,000 Floating Rate Notes, Series A, due 2023 (collectively, the
"Notes").
The net proceeds from the sale of the Notes will be used to repay all or a
portion of $1,000,000,000 outstanding under a 364-day term loan maturing March
22, 2021 and for general corporate purposes. These purposes include the
repayment of short term indebtedness, including amounts incurred to retire
$500,000,000 aggregate principal amount of 2.15% Series G Senior Notes which
matured on November 13, 2020. If the Company does not use the net proceeds
immediately, the Company will temporarily invest them in short-term,
interest-bearing obligations.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
1(a) Underwriting Agreement, dated November 18, 2020, between the Company and
the Underwriters named in Exhibit 1 thereto, in connection with the sale of
the Notes.
4(a) Company Order and Officers' Certificate between the Company and The Bank of
New York Mellon Trust Company, N.A. as trustee, dated November 20, 2020,
establishing the terms of the Notes.
4(b) Form of the Notes (included in Exhibit 4(a) hereto).
5(a) Opinion of David C. House regarding the legality of the Notes.
104 Cover Page Interactive Data File - The cover page iXBRL tags are embedded
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