Arizona Public Service planning to sell offering of senior notes

By Aleesia Forni

Virginia Beach, Nov. 3 – Arizona Public Service Co. plans to price an offering of senior notes, according to a 424B3 filed with the Securities and Exchange Commission.

The bookrunners are BNP Paribas Securities Corp., BofA Merrill Lynch, Mizuho Securities and Scotia Capital (USA) Inc.

BB&T Capital Markets, KeyBanc Capital Markets and PNC Capital Markets LLC are the co-managers.

Proceeds will be used to refinance debt, to replenish cash and to refinance commercial paper borrowings temporarily used to fund capital expenditures.

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

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