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Arizona Public Service to sell $250 million 10-year senior notes Monday
By Aleesia Forni
Virginia Beach, June 9 – Arizona Public Service Co. is eyeing a $250 million sale of senior notes due 2024 on Monday, according to an informed source and a 424B3 filed with the Securities and Exchange Commission.
BNP Paribas Securities Corp., BNP Mellon Capital Markets LLC, J.P. Morgan Securities LLC and Scotia Capital (USA) Inc. are the bookrunners.
C.L. King & Associates and UMB Financial Services Inc. are the co-managers.
Proceeds will be used to repay part of the company’s $300 million of 5.8% senior notes due June 30, 2014.
Arizona Public Service is an electric utility based in Phoenix and a subsidiary of Pinnacle West Capital Corp.
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