secwatch / observer
8-K filed April 10, 2023, 7:59 PM ET CIK 0000007286
debt confidence high sentiment neutral materiality 0.50

ARIZONA PUBLIC SERVICE CO: debt financing — Pinnacle West enters $200M revolver, APS $1.25B revolver, replacing prior facilities

ARIZONA PUBLIC SERVICE CO

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

ARIZONA PUBLIC SERVICE CO incurred revolving credit of up to $200 million with Barclays Bank PLC, as Agent, Co-Sustainability Structuring Agent and Issuing Bank, Mizuho Bank, Ltd., as Co-Syndication Agent, Co-Sustainability Structuring Agent and Issuing Bank, Wells Fargo Bank, National Association, as Co-Syndication Agent and Issuing Bank, Bank of America, N.A., JPMorgan Chase maturing through April 10, 2028.

Instrument
revolving credit
Principal
up to $200 million
Counterparty
Barclays Bank PLC, as Agent, Co-Sustainability Structuring Agent and Issuing Bank, Mizuho Bank, Ltd., as Co-Syndication Agent, Co-Sustainability Structuring Agent and Issuing Bank, Wells Fargo Bank, National Association, as Co-Syndication Agent and Issuing Bank, Bank of America, N.A., JPMorgan Chase
Maturity
through April 10, 2028
Event
incurrence
Exact text from the filing
On April 10, 2023, Pinnacle West entered into a five-year unsecured revolving credit facility (the “Pinnacle West Facility”) with Barclays Bank PLC, as Agent, Co-Sustainability Structuring Agent and Issuing Bank, Mizuho Bank, Ltd., as Co-Syndication Agent, Co-Sustainability Structuring Agent and Issuing Bank, Wells Fargo Bank, National Association, as Co-Syndication Agent and Issuing Bank, Bank of America, N.A., JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., PNC Bank, National Association, and Truist Bank, as Co-Documentation Agents and Issuing Banks, the other lender parties thereto, allowing Pinnacle West to borrow, repay and reborrow, from time to time, up to $200 million through April 10, 2028.
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

ARIZONA PUBLIC SERVICE CO incurred revolving credit of up to $1.25 billion with Barclays Bank PLC, as Agent, Co-Sustainability Structuring Agent and Issuing Bank, Mizuho Bank, Ltd., as Co-Syndication Agent, Co-Sustainability Structuring Agent and Issuing Bank, Wells Fargo Bank, National Association, as Co-Syndication Agent and Issuing Bank, Bank of America, N.A., JPMorgan Chase maturing through April 10, 2028.

Instrument
revolving credit
Principal
up to $1.25 billion
Counterparty
Barclays Bank PLC, as Agent, Co-Sustainability Structuring Agent and Issuing Bank, Mizuho Bank, Ltd., as Co-Syndication Agent, Co-Sustainability Structuring Agent and Issuing Bank, Wells Fargo Bank, National Association, as Co-Syndication Agent and Issuing Bank, Bank of America, N.A., JPMorgan Chase
Maturity
through April 10, 2028
Event
incurrence
Exact text from the filing
On April 10, 2023, APS entered into a five-year unsecured revolving credit facility (the “APS Facility”) with Barclays Bank PLC, as Agent, Co-Sustainability Structuring Agent and Issuing Bank, Mizuho Bank, Ltd., as Co-Syndication Agent, Co-Sustainability Structuring Agent and Issuing Bank, Wells Fargo Bank, National Association, as Co-Syndication Agent and Issuing Bank, Bank of America, N.A., JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., PNC Bank, National Association, and Truist Bank, as Co-Documentation Agents and Issuing Banks, the other lender parties thereto, allowing APS to borrow, repay and reborrow, from time to time, up to $1.25 billion through April 10, 2028.
View on SEC.gov

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Source: SEC EDGAR
accession 0000764622-23-000053
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