---
schema_version: "secwatch.filing_event.v1"
accession: "0000764622-23-000053"
form_type: "8-K"
ticker: null
cik: "0000007286"
company_name: "ARIZONA PUBLIC SERVICE CO"
filed_at: "2023-04-10T23:59:59+00:00"
generated_at: "2026-06-17T04:22:32.441821+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Pinnacle West enters $200M revolver, APS $1.25B revolver, replacing prior facilities

## Summary
- Pinnacle West new $200M unsecured revolver due 2028 replaces $200M facility that would have expired May 28, 2026.
- APS new $1.25B unsecured revolver due 2028 replaces two $500M facilities that would have expired May 28, 2026.
- Both facilities include sustainability-linked pricing metrics tied to environmental and safety targets.
- Proceeds used for general corporate purposes and to backstop commercial paper programs.

## SEC filing metadata
- accession: 0000764622-23-000053
- form_type: 8-K
- cik: 0000007286
- company_name: ARIZONA PUBLIC SERVICE CO
- filed_at: 2023-04-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/7286/000076462223000053/0000764622-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/7286/000076462223000053/pnw-20230410.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764622-23-000053
- JSON: https://secwatch.observer/filing/0000764622-23-000053.json
- Plain text: https://secwatch.observer/filing/0000764622-23-000053.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/7286/000076462223000053/0000764622-23-000053-index.htm
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/7286/000076462223000053/0000764622-23-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.