US EditionAEP Announces Pricing of Common Stock Offering with a Forward Component
- American Electric Power announced a registered underwritten offering of $2,000,000,000 of common stock, consisting of 19,607,844 shares priced at $102.00 per share.
- The offering involves forward sale agreements with Citibank, N.A. And Barclays Bank PLC, with Citigroup and Barclays acting as joint book-running managers.
- AEP anticipates using net proceeds for general corporate purposes, including capital contributions and debt repayment.
- The settlement of the forward sale agreements is expected on or prior to December 31, 2026.
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Rutland Herald+31 Reposted by 31 other sources
AEP Announces Pricing of Common Stock Offering with a Forward Component
COLUMBUS, Ohio, March 24, 2025 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced the pricing of a registered underwritten offering of 19,607,844 shares of its common stock at a price to the public of $102.00 per share. Subject to…
Longview News-Journal+30 Reposted by 30 other sources
AEP Announces Public Offering of Common Stock with a Forward Component
COLUMBUS, Ohio, March 24, 2025 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced the commencement of a registered underwritten offering of $2,000,000,000 of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed…
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Leaning Left6Leaning Right6Center18Last UpdatedBias Distribution60% Center
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60% Center
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R 20%
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