Form 8-K · Current report
Pinnacle West Capital 8-K, filed Aug 4, 2026
- Filed
- CIK
- 0000764622
- Accession no.
- 0001104659-26-090108
Summary
Pinnacle West Capital entered into an equity distribution agreement on August 4, 2026 with a group of banks acting as managers, forward purchasers, and forward sellers, allowing it to offer and sell up to $500 million of its common stock from time to time through at-the-market offerings and forward sale agreements. Net proceeds are intended for investment in Arizona Public Service Company, repayment of commercial paper, and general corporate purposes.
Key points
- The equity distribution agreement covers shares of common stock with an aggregate gross sales price of up to $500 million.
- Sales may be made as at-the-market offerings under Rule 415, including through ordinary brokers' transactions on the New York Stock Exchange or through a market maker.
- Each manager receives a commission of up to 1% of the gross sales price per share sold under the agreement.
- Net proceeds are intended for investment in Arizona Public Service Company, repayment of Pinnacle West or APS commercial paper, and general corporate purposes.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01. Entry into a Material Definitive Agreement. On August 4, 2026, Pinnacle West Capital Corporation (the “Company”) entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) with BMO Capital Markets Corp., BTIG, LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC and Truist Securities, Inc., as managers (each, a “Manager” and, collectively, the “Managers”), Bank of Montreal, Citibank, N.A., Morgan Stanley & Co. …
An excerpt of the text as filed with the SEC, cut for length.
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