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Home/News Feed/American Electric Power launches $2.6B stock offering with option for $390M more shares
AEP
$128.56
+$0.61 +0.48%

American Electric Power launches $2.6B stock offering with option for $390M more shares

Company Fundamentals
12 May 2026
PRNewsWire
View Source
Neutral
pluang ai news

American Electric Power (AEP) announced a registered underwritten offering of $2.6 billion in common stock, with underwriters BofA Securities, Goldman Sachs, and Morgan Stanley managing the sale. The offering includes forward sale agreements where shares will be borrowed and sold, with settlement expected by May 31, 2028. Additionally, underwriters have a 30-day option to buy up to $390 million more shares. Proceeds will support general corporate purposes such as capital contributions, acquisitions, and debt repayment. This move aims to fund AEP’s ongoing investments and operations across its extensive utility network serving 5.6 million customers in 11 states.

More News (AEP)

American Electric Power prices 20.47M shares at $127 each in a major stock offering.

American Electric Power prices 20.47M shares at $127 each in a major stock offering.

American Electric Power (AEP) announced a registered offering of 20,472,442 common shares priced at $127 each, with an option for underwriters to buy an additional 3,070,866 shares. The shares are expected to be borrowed and sold under forward sale a...

Company Fundamentals
Neutral
1 day ago
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