The filing provides a breakdown of expenses to be incurred by APS in relation to the offering of $250,000,000 principal amount of 5.70% Notes due 2034 and $700,000,000 principal amount of 5.90% Notes due 2055.
These expenses are outlined separately from underwriting discounts and commissions, offering transparency into the cost structure of the issuance.
Key expenses include SEC registration fees, printing and postage expenses, legal fees, accounting fees, rating agency fees, and various other fees related to the offering.
Breakdown of Expenses
Detailed breakdown of expenses for the offering sheds light on the cost composition of APS's issuance process.
Transparency in Cost Structure
Separation of underwriting discounts and other expenses reflects a commitment to transparency in financial dealings.
Estimated Costs
The estimated expenses provide insight into the financial impact of the issuance on APS's operations and budget.
- The transparent disclosure of these expenses enhances investor confidence in APS's financial reporting and management practices.
- Understanding the cost drivers behind the note offering can help investors assess the financial health and stability of APS.
- The breakdown of expenses allows stakeholders to evaluate the efficiency and prudence of APS's capital raising activities.
In conclusion, the detailed listing of expenses underscores APS's commitment to transparency and accountability in its capital raising activities. This clarity benefits investors by providing a comprehensive view of the costs associated with the note offering.