Arizona Public Service offers fixed-rate notes via four bookrunners

By Cristal Cody

Tupelo, Miss., Aug. 12 – Arizona Public Service Co. plans to price new fixed-rate notes, according to a 424B3 filing on Monday with the Securities and Exchange Commission.

BNP Paribas Securities Corp., J.P. Morgan Securities, LLC, MUFG and U.S. Bancorp Investments, Inc. are the bookrunners. The co-managers are Academy Securities, Inc., Blaylock Van, LLC, C.L. King & Associates and Ramirez & Co, Inc.

Proceeds will be used to repay short-term debt of commercial paper borrowings and/or to replenish cash incurred or used to fund capital expenditures.

Phoenix-based Arizona Public Service is an electric utility and subsidiary of Pinnacle West Capital Corp.

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