KeyBanc Capital Markets has helped companies place debt through private syndication for multiple needs ranging from capital expenditures to M&A. Recent successes include:
- KeyBanc Capital Markets acted as Joint Lead Placement Agent for Kentucky Power, a subsidiary of American Electric Power. Kentucky Power is an electric utility company headquartered in Ashland, Kentucky. The company owns 1,860 MW of 100% coal fired generating capacity with a peak load of 1,409 MW in 2013, and operates 11,159 circuit miles of transmission and distribution lines. It serves 172,000 retail customers in eastern Kentucky, and supplies and markets electric power at wholesale to other electric utility companies, municipalities, and other market participants. The company issued $120 million of 4.180% Senior Notes due September 2026 and $80 million of 4.330% Senior Notes due December 2026. The 4.18% Notes included a 3-month delayed draw and the 4.33% Notes included a 6-month delayed draw.