AEP Subsidiary Southwestern Electric Power Co. To Redeem Senior Notes

COLUMBUS, Ohio, Sept. 27, 2018 /PRNewswire/ -- Southwestern Electric Power Co. (SWEPCO), a public utility subsidiary of American Electric Power (NYSE: AEP), announced that on Oct. 26, 2018, it will redeem the entire outstanding $400 million principal amount of its 6.45 percent Senior Notes, Series G, due 2019. 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 and the required make-whole premium.

Notice of the redemption was mailed on Sept. 26, 2018. 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