Financing ·
Pinnacle West Capital Corporation and its subsidiary Arizona Public Service Company filed a current report announcing…
PNWPinnacle West Capital Corp
Pinnacle West Capital Corporation and its subsidiary Arizona Public Service Company filed a current report announcing the issuance of debt securities. The offering consists of $100 million principal amount of 5.50% Notes due in 2035 and $600 million principal amount of 6.25% Notes due in 2056, totaling $700 million in new debt. The filing includes the underwriting agreement dated August 10, 2026, and supplemental indentures governing the notes. Estimated issuance expenses, excluding underwriting discounts, are approximately $1.81 million, with rating agency fees comprising the largest portion at $1.6 million. Pinnacle West Capital Corporation operates as a utility holding company in the electric utility industry.