trending Market Intelligence /marketintelligence/en/news-insights/trending/OwxY5y0OKSoRcOjPY3X3kA2 content esgSubNav
In This List

Arizona Public Service issues $350M worth of debt

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Research Brokers Accelerate Their Coverage of Electric Vehicles

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms


Arizona Public Service issues $350M worth of debt

Arizona PublicService Co. issued $350 million worth of its 3.75% notes due May15, 2046, according to a Form 8-K filed May 6.

Interest payments on the notes, which offer a spread to benchmarkTreasury of 112 basis points, are due semiannually starting Nov. 15 of thisyear; net proceeds will help the PinnacleWest Capital Corp. subsidiary refinance existing debt.

The issue was expected to be rated A2 by Moody's, A- byS&P Global Ratings and A by Fitch Ratings.

Barclays Capital Inc., Citigroup Global Markets Inc.,SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC served as jointbook-running managers of the issue. BB&T Capital Markets, C.L. King &Associates Inc., KeyBanc Capital Markets Inc. and PNC Capital Markets LLC actedas co-managers.

S&P Global Ratingsand S&P Global Market Intelligence are owned by S&P Global Inc.