BB&T Capital Markets Serves as Co-Manager for Arizona Public Service Co.’s $350 Million Issue of 3.75% Notes due 2046
On May 3, 2016, BB&T Capital Markets served as a co-manager for a $350 million offering of 3.75% notes due 2046 by Arizona Public Service Company. Proceeds from the offering are being used to refinance debt.
About the Companies
Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. It is engaged in the generation, transmission, and distribution of electricity from coal, nuclear, gas, oil, and solar resources. The company serves approximately 1.2 million customers. It owns or leases approximately 6,394 megawatts of regulated generation capacity. The company was founded in 1920 and is headquartered in Phoenix, Arizona.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.