Pinnacle West Capital (PNW) has issued an announcement.
Pinnacle West Capital Corporation announced plans to offer $450 million in convertible senior notes due 2027, targeting qualified institutional buyers. The private offering’s success hinges on market conditions and various factors, and the details were outlined in a recent press release, which is now fully incorporated for reference in their financial disclosures. This strategic move aims to strengthen the company’s financial standing and provide opportunities for growth.
For a thorough assessment of PNW stock, go to TipRanks’ Stock Analysis page.
