M&A - AEP Transmission Company, LLC

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.

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