AI English summary of an SEC filing — figures as filed

Pinnacle West Capital said it entered into Amendment No. 1 on August 2, 2024 April 10, 2023 to its 5-year unsecured revolving credit facility (Pinnacle West Facility), extending the maturity date by 1 year from April 10, 2028 to April 10, 2029.

8-KEntry into a Material Definitive AgreementFiled Aug 2, 2024Period of report Aug 2, 2024Summary published (UTC) Oct 29, 2026

Key points

AI summary

Pinnacle West Capital said it entered into Amendment No. 1 on August 2, 2024 April 10, 2023 to its 5-year unsecured revolving credit facility (Pinnacle West Facility), extending the maturity date by 1 year from April 10, 2028 to April 10, 2029.
The company said its subsidiary Arizona Public Service Company (APS) entered into Amendment No. 1 on August 2, 2024 April 10, 2023 to its 5-year unsecured revolving credit facility (APS Facility), extending the maturity date by 1 year from April 10, 2028 to April 10, 2029.
The company said the two credit facility amendments provide a mechanism to either update the Sustainability Table, which sets sustainability-linked pricing, or, in certain circumstances, terminate the sustainability-linked pricing feature for the final 1 years of the facilities.
The company said all other terms of both facilities remain substantially the same, apart from the amendments. Barclays Bank PLC serves as Agent for both credit facilities, with Mizuho Bank, Wells Fargo Bank and others participating.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Pinnacle West Capital Extends Credit Facility Maturity

Pinnacle West Capital said it entered into Amendment No. 1 on August 2, 2024 April 10, 2023 to its 5-year unsecured revolving credit facility (Pinnacle West Facility), extending the maturity date by 1 year from April 10, 2028 to April 10, 2029.

Source · Based on the filing body and exhibits

Arizona Public Service Company Extends Credit Facility Maturity

The company said its subsidiary Arizona Public Service Company (APS) entered into Amendment No. 1 on August 2, 2024 April 10, 2023 to its 5-year unsecured revolving credit facility (APS Facility), extending the maturity date by 1 year from April 10, 2028 to April 10, 2029.

Source · Based on the filing body and exhibits

Sustainability-Linked Pricing Feature Amendment Mechanism

The company said the two credit facility amendments provide a mechanism to either update the Sustainability Table, which sets sustainability-linked pricing, or, in certain circumstances, terminate the sustainability-linked pricing feature for the final 1 years of the facilities.

Source · Based on the filing body and exhibits

Other Terms and Lending Banks

The company said all other terms of both facilities remain substantially the same, apart from the amendments. Barclays Bank PLC serves as Agent for both credit facilities, with Mizuho Bank, Wells Fargo Bank and others participating.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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