---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-017605"
form_type: "8-K"
ticker: null
cik: "0000007286"
company_name: "ARIZONA PUBLIC SERVICE CO"
filed_at: "2026-02-19T23:59:59+00:00"
generated_at: "2026-05-16T01:52:46.171793+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Pinnacle West upsizes revolving credit facility to $300M; APS facility to $1.7B

## Summary
- Pinnacle West's new $300M unsecured credit facility replaces $200M facility, matures Feb 2031.
- APS's $1.7B unsecured facility replaces $1.25B facility, matures Feb 2031.
- 2026 incentive plan approved for CEO Geisler (target 125% of salary, max 250%).
- Executive awards for Cooper, Tetlow, Heflin tied to APS earnings and unit performance goals.
- Facilities support general corporate purposes and commercial paper backstop.

## SEC filing metadata
- accession: 0001104659-26-017605
- form_type: 8-K
- cik: 0000007286
- company_name: ARIZONA PUBLIC SERVICE CO
- filed_at: 2026-02-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/7286/000110465926017605/0001104659-26-017605-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/7286/000110465926017605/tm266762d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-017605
- JSON: https://secwatch.observer/filing/0001104659-26-017605.json
- Plain text: https://secwatch.observer/filing/0001104659-26-017605.txt

## Source-grounded claims
- claim_id: 17ad14fdb64684483ef19c982d30650e10c9f0df
  claim: ARIZONA PUBLIC SERVICE CO amended revolving credit of up to $300 million with Barclays Bank PLC, PNC Bank, National Association, Wells Fargo Bank, National Association, Bank of America, N.A., JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd., MUFG Bank, Ltd., Truist Bank at based on Pinnacle West's then-current senior unsecured debt ratings maturing February 18, 2031.
  evidence_excerpt: Mizuho Bank, Ltd., MUFG Bank, Ltd., and Truist Bank, as Co-Documentation Agents and Issuing Banks, allowing Pinnacle West to borrow, repay and reborrow, from time to time, up to $300 million through February 18, 2031. The Third Amended and Restated Facility replaces Pinnacle West’s prior $200 million second amended and restated revolving credit facility, which would
  evidence_url: https://www.sec.gov/Archives/edgar/data/7286/000110465926017605/0001104659-26-017605-index.htm
- claim_id: 3215d436cdf752ec4602a691cdc1e7f302946795
  claim: ARIZONA PUBLIC SERVICE CO amended revolving credit of up to $1.7 billion with Barclays Bank PLC, PNC Bank, National Association, Wells Fargo Bank, National Association, Bank of America, N.A., JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd., MUFG Bank, Ltd., Truist Bank at based on APS's then-current senior unsecured debt ratings maturing February 18, 2031.
  evidence_excerpt: N.A., Mizuho Bank, Ltd., MUFG Bank, Ltd., and Truist Bank, as Co-Documentation Agents and Issuing Banks, allowing APS to borrow, repay and reborrow, from time to time, up to $1.7 billion through February 18, 2031. The Amended and Restated Facility replaces APS’s prior $1.25 billion revolving credit facility, which would have expired on April 10, 2028. APS will
  evidence_url: https://www.sec.gov/Archives/edgar/data/7286/000110465926017605/0001104659-26-017605-index.htm
- claim_id: 060879ec5b06be4bb744c5a4124d06728f074f34
  claim: ARIZONA PUBLIC SERVICE CO entered into Amended and Restated Facility with the Lenders party thereto, Barclays Bank PLC, as Agent and Issuing Bank, PNC Bank, National Association, as Co-Syndication 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., Mizuho Bank, Ltd., MU valued at $1.7 billion (effective 2026-02-18).
  evidence_excerpt: On February 18, 2026, APS entered into an amended and restated five-year unsecured revolving credit facility (the “Amended and Restated Facility”) among APS, the Lenders party thereto, Barclays Bank PLC, as Agent and Issuing Bank, PNC Bank, National Association, as Co-Syndication 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., Mizuho Bank, Ltd., MUFG Bank, Ltd., and Truist Bank, as Co-Documentation Agents and Issuing Banks, allowing APS to borrow, repay and reborrow, from time to time, up to $1.7 billion through February 18, 2031.
  evidence_url: https://www.sec.gov/Archives/edgar/data/7286/000110465926017605/0001104659-26-017605-index.htm
- claim_id: 9bc9bbdba17e1bfb0a782d74c389228a452d646f
  claim: ARIZONA PUBLIC SERVICE CO entered into Third Amended and Restated Facility with the Lenders party thereto, Barclays Bank PLC, as Agent and Issuing Bank, PNC Bank, National Association, as Co-Syndication 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., Mizuho Bank, Ltd., MU valued at $300 million (effective 2026-02-18).
  evidence_excerpt: On February 18, 2026, Pinnacle West entered into a third amended and restated five-year unsecured revolving credit facility (the “Third Amended and Restated Facility”) among Pinnacle West, the Lenders party thereto, Barclays Bank PLC, as Agent and Issuing Bank, PNC Bank, National Association, as Co-Syndication 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., Mizuho Bank, Ltd., MUFG Bank, Ltd., and Truist Bank, as Co-Documentation Agents and Issuing Banks, allowing Pinnacle West to borrow, repay and reborrow, from time to time, up to $300 million through February 18, 2031.
  evidence_url: https://www.sec.gov/Archives/edgar/data/7286/000110465926017605/0001104659-26-017605-index.htm

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