PNW | Jotup

Pinnacle West Upsizes and Prices Offering of $475 Million of 4.75% Convertible Senior Notes Due 2027

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星期二, 六月 4, 2024

Energy, Other Energy, Utilities, Sale, Exercise, PNW, Arizona Public Service, Person, Electricity, Investment, New York Stock Exchange, Security (finance)

Pinnacle West Capital Corp. (NYSE: PNW) (“Pinnacle West”) announced the pricing of its offering of $475 million aggregate principal amount of its 4.75% convertible senior notes due 2027 (the “convertible notes”) in a private placement under the Securities Act of 1933, as amended (the “Securities Act”).

Key Points:

Pinnacle West Capital Corp. (NYSE: PNW) (“Pinnacle West”) announced the pricing of its offering of $475 million aggregate principal amount of its 4.75% convertible senior notes due 2027 (the “convertible notes”) in a private placement under the Securities Act of 1933, as amended (the “Securities Act”).
The offering of the convertible notes was upsized from the previously announced offering size of $450 million aggregate principal amount of convertible notes.
Pinnacle West also granted the initial purchasers of the convertible notes an option to purchase, within a 13-day period from, and including, the date on which the convertible notes are first issued, up to an additional $50 million aggregate principal amount of the convertible notes.
Pinnacle West expects that the net proceeds from the convertible notes will be approximately $468 million (or $517.4 million if the initial purchasers exercise their option to purchase additional convertible notes in full), after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by Pinnacle West.

Pinnacle West Announces Proposed Offering of $450 Million of Convertible Senior Notes Due 2027

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星期一, 六月 3, 2024

Utilities, Energy, Pinnacle West Capital, Sale, PNW, Arizona Public Service, Person, Electricity, Investment, Security (finance)

Pinnacle West Capital Corp. (NYSE: PNW) (“Pinnacle West”) announced today that it intends to offer, subject to market and other conditions, $450 million aggregate principal amount of its convertible senior notes due 2027 (the “convertible notes”) in a private placement under the Securities Act of 1933, as amended (the “Securities Act”).

Key Points:

Pinnacle West Capital Corp. (NYSE: PNW) (“Pinnacle West”) announced today that it intends to offer, subject to market and other conditions, $450 million aggregate principal amount of its convertible senior notes due 2027 (the “convertible notes”) in a private placement under the Securities Act of 1933, as amended (the “Securities Act”).
Pinnacle West also intends to grant the initial purchasers of the convertible notes an option to purchase, within a 13-day period from, and including, the date on which the convertible notes are first issued, up to an additional $67.5 million aggregate principal amount of the convertible notes.
The convertible notes will be senior unsecured obligations of Pinnacle West and will be convertible at the option of the holders of such convertible notes upon satisfaction of certain conditions and during certain periods.
The interest rate, the initial conversion rate, and other terms of the convertible notes will be determined by negotiations between Pinnacle West and the initial purchasers of the convertible notes.

PsychedelicNewsWire Named Official Media Sponsor of the 4th Annual Psychedelic Therapeutics and Drug Development Conference

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星期五, 五月 17, 2024

Arrowhead, Organization, Headache, Drug development, PNW, Depression, Therapy, Government, Anxiety, Opioid use disorder, PTSD, Conference, Research, Stuart Street, Dunedin, Social media, IBN, Brain, Pain, ADHD

The event will be held at the iconic Revere Hotel Boston Common, 200 Stuart Street, Boston, MA 02116 on 23-24 May 2024.

Key Points:

The event will be held at the iconic Revere Hotel Boston Common, 200 Stuart Street, Boston, MA 02116 on 23-24 May 2024.
We look forward to working with their highly professional and energetic team.”
Randy Clark Director of Global Operations at IBN, added "The Annual Psychedelic Therapeutics and Drug Development Conference has proved to be an invaluable resource for academicians, industry experts, and businesspeople in the fast-evolving psychedelics ecosystem.
We are thrilled to continue our association and look forward to deploying state-of-the-art social media tools and communications strategies to elevate the visibility of the conference while contributing to the discourse on psychedelics, drug development, and healthcare.
The Boston conference is a must-attend event for anyone interested in the psychedelics and drug development sectors.”
For more information on the event, visit, https://psychedelics-conference.com/

Pinnacle West Reports 2024 First-quarter Financial Results

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星期四, 五月 2, 2024

Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $16.9 million, or $0.15 per diluted share of common stock, for the quarter ended March 31, 2024.

Key Points:

Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $16.9 million, or $0.15 per diluted share of common stock, for the quarter ended March 31, 2024.
Key factors and assumptions underlying this outlook can be found in the first-quarter 2024 earnings presentation slides at pinnaclewest.com/investors .
Pinnacle West invites interested parties to listen to the live webcast of management’s conference call to discuss the company’s 2024 first-quarter results, as well as recent developments, at 10 a.m.
For more information about Pinnacle West, visit the company’s website at pinnaclewest.com .

Pinnacle West Declares Quarterly Dividend

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星期三, 四月 17, 2024

Utilities, Energy, Arizona Public Service, PNW, Electricity

Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors today declared a quarterly dividend of $0.88 per share of common stock, payable on June 3, 2024, to shareholders of record at the close of business on May 1, 2024.

Key Points:

Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors today declared a quarterly dividend of $0.88 per share of common stock, payable on June 3, 2024, to shareholders of record at the close of business on May 1, 2024.
Pinnacle West Capital Corp. , an energy holding company based in Phoenix, has consolidated assets of nearly $25 billion, about 6,500 megawatts of generating capacity and approximately 6,100 employees in Arizona and New Mexico.
Through its principal subsidiary, Arizona Public Service , the company provides retail electricity service to approximately 1.4 million Arizona homes and businesses.
For more information about Pinnacle West, visit the company’s website at pinnaclewest.com .

Campbell & Company Appoints Vice President Sarah Marino as Northwest Regional Director

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星期五, 四月 5, 2024

Organization, Growth, AFP, Woman, PNW, Diversity, University, MBA, Santa Clara University, Creativity, Management

SEATTLE, April 5, 2024 /PRNewswire-PRWeb/ -- Campbell & Company, an employee-owned national consulting firm, is pleased to announce the appointment of Vice President Sarah Marino as the Northwest Regional Director, with responsibilities of leading client engagements, stewardship initiatives, and strengthening the firm's position in the nonprofit sector in the Northwest region.

Key Points:

SEATTLE, April 5, 2024 /PRNewswire-PRWeb/ -- Campbell & Company, an employee-owned national consulting firm, is pleased to announce the appointment of Vice President Sarah Marino as the Northwest Regional Director, with responsibilities of leading client engagements, stewardship initiatives, and strengthening the firm's position in the nonprofit sector in the Northwest region.
With two decades of dedicated service in fundraising, Sarah brings a wealth of expertise, creativity, and tailored strategies to all her engagements.
"As we embark on this exciting new chapter of growth and impact, we are thrilled to appoint Sarah as our Northwest Regional Director," states Kate Roosevelt, Campbell & Company's Co-President.
Campbell & Company extends its warmest congratulations to Vice President Sarah Marino on her appointment as the Northwest Regional Director and looks forward to her continued contributions to the organization's mission and vision.

Pinnacle West Sets Date for 2024 First-Quarter Financial Results, Webcast/Conference Call

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星期二, 四月 2, 2024

Utilities, Energy, Electricity, PNW, Webcast, Arizona Public Service, Broadcasting

Pinnacle West Capital Corp. (NYSE: PNW) announced today that it plans to release its 2024 first-quarter financial results before the U.S. financial markets open on Thursday, May 2, 2024.

Key Points:

Pinnacle West Capital Corp. (NYSE: PNW) announced today that it plans to release its 2024 first-quarter financial results before the U.S. financial markets open on Thursday, May 2, 2024.
ET (7 a.m. Arizona time), management will host a live webcast and conference call to discuss financial results and recent developments.
ET, Thursday, May 9, 2024, by calling (877) 481-4010 in the U.S. and Canada or (919) 882-2331 internationally and entering replay passcode 50305.
For more information about Pinnacle West, visit the company’s website at pinnaclewest.com .

2024 Northwest Event Show Focuses on DEI Programs + Give-Back Partners

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星期三, 三月 27, 2024

Learning, LEED, PNW, Quiet room, Diversity, NWES, Seattle Convention Center, DEI, Nightclub

SEATTLE, March 27, 2024 /PRNewswire/ -- In one week, the 2024 Northwest Event Show (NWES) will showcase the latest innovations, services, and products at the forefront of the west coast's event industry.

Key Points:

NWES 2024 is dedicated to Marion Clifton, who founded the event 30 years ago in 1994.
Fill It Forward, renowned for encouraging environmental responsibility, has generously provided refillable water bottles for all event attendees.
"Marion's vision has been a guiding light for NWES," says Event President, Stuart Butler.
"Her legacy of innovation and community has profoundly shaped the PNW event industry.

Two of Oregon’s Favorite Craft Breweries Team Up With the Portland Timbers as Official Craft Beer Sponsors

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星期三, 二月 21, 2024

Marketing, Lumber, TSX, PNW, Life, Beer, TLRY, Tilray, Widmer Brothers Brewery, Partnership

Widmer Brothers and 10 Barrel will become the official craft beer partners of the Timbers.

Key Points:

Widmer Brothers and 10 Barrel will become the official craft beer partners of the Timbers.
At the same time, Pub Beer has been named as the official Patio Beer, unveiling the “Pub Beer Patio,” a new general admission section, and the first standing-room only section in the stadium.
“We are thrilled to bring in 10 Barrel as an official sponsor and extend our longstanding relationship with Widmer.
On game days, these include beer specials, post-game rooftop parties, and special discounts for Timbers fans.

New $5 Million Initiative will Accelerate Natural Climate Solutions (NCS) in the Pacific Northwest

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星期三, 三月 6, 2024

The Environment RFP: Natural Climate Solutions in the PNW initiative will fund three to five rigorous, place-based Natural Climate Solutions (NCS) efforts in the region.

Key Points:

The Environment RFP: Natural Climate Solutions in the PNW initiative will fund three to five rigorous, place-based Natural Climate Solutions (NCS) efforts in the region.
This initiative will invest solely in NCS projects, adding to the foundation’s legacy of backing science and technology-rooted conservation across the region and around the world.
In the United States, NCS have the potential to mitigate up to 21% of net annual emissions .
After vetting by the foundation team, selected organizations will be invited to submit a formal proposal by May 15.