Hunton Andrews Kurth Advises Underwriters of Indiana Michigan Power Company’s $450 Million Senior Notes Offering

Hunton Andrews Kurth LLP represented the underwriters in connection with an SEC-registered offering by Indiana Michigan Power Company ("I&M") of $450 million aggregate principal amount of its 3.25% Senior Notes, Series O, due 2051. The transaction closed on April 29, 2021.

I&M is a subsidiary of American Electric Power Company ("AEP") and is part of AEP's vertically integrated utilities segment. I&M is organized in Indiana and is engaged in the generation, transmission and distribution of electric power to approximately 602,000 retail customers in northern and eastern Indiana and a portion of southwestern Michigan, and supplies and markets electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives and other market participants. I&M owns or leases 3,634 MWs of generating capacity, and uses its generation to serve its retail and other customers.

The Hunton Andrews Kurth team included  Steven Friend, Michelle Chan and Matthew Hayes. Robert McNamara and Tim Strother provided tax advice.