Pinnacle West Capital offers senior notes via four bookrunners

By Cristal Cody

Tupelo, Miss., Nov. 28 – Pinnacle West Capital Corp. plans to price senior notes, according to a 424B3 filed with the Securities and Exchange Commission on Tuesday.

Barclays, Mizuho Securities USA LLC, SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including the repayment at or before maturity of $125 million of a term loan due Dec. 31, 2017.

Pinnacle West is a Phoenix-based holding company that receives revenue from subsidiary electric utility Arizona Public Service Co.

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