American Electric subsidiary to redeem outstanding Series C senior notes
AEP Texas, a public utility subsidiary of American Electric Power (NASDAQ:AEP), plans to redeem the entire outstanding $400M principal amount of its 2.40% Senior Notes, Series C, due 2022 on July 1, 2022.
The notes will be redeemed at 100% 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.
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