COLUMBUS, Ohio, June 1, 2022
/PRNewswire/ -- AEP Texas Inc., a public utility subsidiary of
American Electric Power (Nasdaq: AEP), announced that on
July 1, 2022, it will redeem the
entire outstanding $400 million
principal amount of its 2.40% Senior Notes, Series C, due 2022. The
notes will be redeemed at 100 percent of the principal amount
outstanding (at par value of $100 per
Senior Note), plus interest through the date of redemption, plus
the required make-whole premium.
Notice of the redemption was mailed on June 1, 2022. This redemption is in accordance
with the terms of the indenture under which the notes were
issued.
The Bank of New York Mellon Trust Company, N.A. is the
redemption agent and trustee.
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SOURCE American Electric Power