Arizona Public Service Company (APS) discloses the expenses related to the offering of its 5.70% Notes due 2034 and 5.90% Notes due 2055.
The total estimated expenses include SEC registration fees, printing and postage expenses, legal fees, accounting fees, rating agency fees, and more.
These expenses are essential for the successful issuance and distribution of the notes.
Offering Amount
$250,000,000 principal amount of 5.70% Notes due 2034 and $700,000,000 principal amount of 5.90% Notes due 2055.
Types of Expenses
Include SEC registration fees, printing expenses, legal and accounting fees, rating agency fees, and others.
Importance of Expenses
Critical for complying with regulations and ensuring a smooth offering process.
- The detailed breakdown of expenses provides transparency for shareholders and potential investors.
- Understanding these expenses helps investors assess the cost structure of APS's offerings and future financial obligations.
Analyzing the expenses associated with issuance and distribution sheds light on the financial discipline and regulatory compliance of APS.