AEP subsidiary AEP TEXAS INC. TO CIRCULATE OLD VOWS News

COLUMBUS, Ohio, June 1, 2022 / PRNewswire / – AEP Texas Inc., a US subsidiary of American Electric Power (Nasdaq: AEP), has announced that July 1, 2022he will redeem all non-payment $ 400 million principal amount 2.40% of senior banknotes, series C, maturities in 2022. Subscribers will be redeemed at the rate of 100 percent of the outstanding principal amount (at face value $ 100 for the senior note), plus interest before maturity, and the required premium to receive in full.

The redemption notice was sent by mail June 1, 2022. This repayment is made in accordance with the terms of the contract under which the notes were issued.

The Bank of New York Mellon Trust Company, NA is a buyout agent and trustee.

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SOURCE American Electric Power

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