{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-068027","form_type":"8-K","ticker":"PNW","cik":"0000764622","company_name":"PINNACLE WEST CAPITAL CORP","filed_at":"2024-06-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.931699+00:00","generated_at":"2026-06-01T06:39:27.423352+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Pinnacle West prices $475M of 4.75% convertible senior notes due 2027; upsized from $450M","bullets":["Issued $475M of 4.75% convertible senior notes due 2027, upsized from $450M; optional additional $50M from initial purchasers.","Net proceeds ~$468M ($517.4M with option); used for general corporate purposes, incl. debt repayment and APS investments.","Initial conversion price ~$92.30/share, a 20% premium over June 3 closing; non-callable by company prior to maturity.","Matures June 15, 2027; interest 4.75% paid semi-annually; holders may convert under conditions from March 15, 2027.","Private placement to QIBs via Rule 144A; expected close June 6, 2024; notes not registered under Securities Act."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-068027","json":"https://secwatch.observer/filing/0001104659-24-068027.json","markdown":"https://secwatch.observer/filing/0001104659-24-068027.md","text":"https://secwatch.observer/filing/0001104659-24-068027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764622/000110465924068027/0001104659-24-068027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764622/000110465924068027/tm2413531d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T06:39:27.423352+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}