M&A - AEP Transmission Company, LLC

Form Type: 8-K

Filing Date: 2025-06-09

Corporate Action: Acquisition

Type: New

Accession Number: 000000490425000069

Filing Summary: On June 5, 2025, AEP Transmission Company, LLC, a wholly owned subsidiary of American Electric Power Company, Inc., completed the closing of a Contribution Agreement with Olympus BidCo L.P., where the company issued 19.9% of its membership interests to the Investor for $2,820,000,000. This transaction allows the Investor, affiliated with Kohlberg Kravis Roberts & Co. and Public Sector Pension Investment Board, to participate in the governance of the company, stipulating rights for appointing directors and influence over major corporate events. The associated Limited Liability Company Agreement outlines the governance and rights of the Investor and establishes significant corporate roles for both parties. A press release was issued announcing the completion of this transaction.

Form Type: 8-K

Filing Date: 2025-01-10

Corporate Action: Acquisition

Type: New

Accession Number: 000000490425000010

Filing Summary: On January 9, 2025, AEP Transmission Company, LLC, a wholly owned subsidiary of American Electric Power Company, Inc., entered into a Contribution Agreement with Olympus BidCo L.P., an entity controlled by investment funds managed by Kohlberg Kravis Roberts & Co. and Public Sector Pension Investment Board. Under this agreement, AEP Transmission's newly formed subsidiary, Midwest Transmission Holdings, LLC, agrees to issue 19.9% of its membership interests to the Investor for a total purchase price of $2,820,000,000. The transaction is subject to regulatory approvals and customary conditions, with potential termination clauses based on mutual consent, lack of closing within nine months, or material breaches. An Amended and Restated Limited Liability Company Agreement will also be executed, detailing governance and operational procedures for the new investment.