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Get filing alertsPinnacle West Capital prices senior notes offering with terms to be determined at pricing
Filed June 1, 2026 · ~1 min read
Offering filing cluster
Same offering- 424B5 Jun 1, 2026 This filing EDGAR →
- 424B5 Jun 2, 2026 Pinnacle West Capital prices $500 million of 4.650% senior notes due 2029 EDGAR →
- 424B5 Jun 5, 2026 Pinnacle West Capital offers up to $900M of common stock via at-the-market program; ~$270M remains EDGAR →
- 8-K Jun 5, 2026 Pinnacle West raises $500M in senior notes at 4.650% due 2029 EDGAR →
Key Changes
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This is a preliminary 424B5 with placeholder blanks for principal amount, interest rate, and maturity date. Final terms will be set at pricing.
The Offering verify on EDGAR → -
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Notes are unsecured obligations of the parent holding company only, structurally subordinated to all debt and obligations of operating subsidiaries including Arizona Public Service.
Risk Factors verify on EDGAR → -
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The indenture contains minimal covenants: no change-of-control put, no financial maintenance ratios, no limits on additional unsecured debt, subsidiary debt, dividends, or stock repurchases.
Risk Factors verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 8, 2026 · How we verify