secwatch.observer — SEC 8-K summary
======================================

Issuer:     PINNACLE WEST CAPITAL CORP (PNW)
CIK:        0000764622
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001104659-24-069111
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.03, 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pinnacle West closes $525M of 4.75% Convertible Senior Notes due 2027
---------------------------------------------------------------------

- $525M aggregate principal amount, including full exercise of initial purchasers' option.
- Notes bear 4.75% interest, payable semi-annually, maturing June 15, 2027.
- Initial conversion rate of 10.8338 shares per $1,000 principal (conversion price ~$92.30, 20% premium to last sale).
- Notes are senior unsecured obligations, convertible into cash and/or common stock at holder's option under conditions.
- Issued via private placement under Rule 144A; not registered under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764622/000110465924069111/0001104659-24-069111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764622/000110465924069111/tm2413531d6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-069111

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