debt
confidence high
sentiment neutral
materiality 0.50
APS issues $700M in notes: $100M 5.50% due 2035, $600M 6.25% due 2056
PINNACLE WEST CAPITAL CORP
- Arizona Public Service issued $100M of 5.50% Notes due 2035 and $600M of 6.25% Notes due 2056.
- Underwriting agreement dated August 10, 2026; total offering $700M under existing S-3 shelf.
- Estimated issuance expenses of $1,811,500, including $1.6M rating agency fees.
- Ninth and Thirty-Fourth Supplemental Indentures filed for the new notes.