secwatch.observer — SEC 8-K summary
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Issuer:     ARIZONA PUBLIC SERVICE CO (—)
CIK:        0000007286
Form:       8-K
Filed at:   2023-04-10T23:59:59+00:00
Accession:  0000764622-23-000053
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7286/000076462223000053/0000764622-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7286/000076462223000053/pnw-20230410.htm
  HTML page:      https://secwatch.observer/filing/0000764622-23-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer