{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-000157","form_type":"8-K","ticker":"AVA","cik":"0000104918","company_name":"AVISTA CORP","filed_at":"2023-01-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.663659+00:00","generated_at":"2026-06-20T19:16:09.959725+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Avista secures $100M in additional liquidity amid elevated energy prices","bullets":["Entered $50M uncommitted letter of credit agreement with MUFG Bank on Dec 29; $28.5M outstanding as of Jan 4.","Added $50M incremental term loan under existing credit facility with CoBank on Dec 30, total now $150M.","Borrowed entire $50M incremental loan; matures March 30, 2023, variable rate based on SOFR or base rate.","Actions driven by elevated natural gas/power prices and margin calls; expects conditions to persist through winter.","Covenants include total debt-to-capitalization ratio not exceeding 65% and customary events of default."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-000157","json":"https://secwatch.observer/filing/0000950170-23-000157.json","markdown":"https://secwatch.observer/filing/0000950170-23-000157.md","text":"https://secwatch.observer/filing/0000950170-23-000157.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/104918/000095017023000157/0000950170-23-000157-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/104918/000095017023000157/ava-20221229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T19:16:09.959725+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b40dc9ad7313184b908dd01b147ba876a6eeb3ac","claim":"AVISTA CORP incurred credit facility of $50 million with U.S. Bank National Association, as Administrative Agent, and CoBank, as Incremental Lender at variable annual interest rate determined by either the Secured Overnight Financi maturing March 30, 2023.","evidence_excerpt":"Additionally, on December 30, 2022, the Company entered into an Incremental Commitment and Lender Joinder Agreement with U.S. Bank National Association, as Administrative Agent, and CoBank, as Incremental Lender in an incremental amount of $50 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/104918/000095017023000157/0000950170-23-000157-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$50 million"},{"label":"Counterparty","value":"U.S. Bank National Association, as Administrative Agent, and CoBank, as Incremental Lender"},{"label":"Rate","value":"variable annual interest rate determined by either the Secured Overnight Financi"},{"label":"Maturity","value":"March 30, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f814b6be289c326e8f95059728b925e857031420","claim":"AVISTA CORP incurred credit facility of $50 million with MUFG Bank Ltd..","evidence_excerpt":"On December 29, 2022, the Company entered into an uncommitted and unsecured Continuing Letter of Credit Agreement with MUFG Bank Ltd., as Issuer, in the aggregate amount of $50 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/104918/000095017023000157/0000950170-23-000157-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$50 million"},{"label":"Counterparty","value":"MUFG Bank Ltd."},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"02e2a96ad9bb732e4260c45e0074c10fd595b7bf","claim":"AVISTA CORP entered into Incremental Commitment and Lender Joinder Agreement with U.S. Bank National Association and CoBank valued at $50 million incremental borrowing (effective 2022-12-30).","evidence_excerpt":"On December 30, 2022, the Company entered into an Incremental Commitment and Lender Joinder Agreement with U.S. Bank National Association, as Administrative Agent, and CoBank, as Incremental Lender in an incremental amount of $50 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/104918/000095017023000157/0000950170-23-000157-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"U.S. Bank National Association and CoBank"},{"label":"Value","value":"$50 million incremental borrowing"},{"label":"Effective","value":"2022-12-30"}],"fact_type":"material_agreement"},{"claim_id":"68e5c26610f7d98b6e45679811317f18ff80be42","claim":"AVISTA CORP entered into Continuing Letter of Credit Agreement with MUFG Bank Ltd. valued at $50 million (effective 2022-12-29).","evidence_excerpt":"On December 29, 2022, the Company entered into an uncommitted and unsecured Continuing Letter of Credit Agreement with MUFG Bank Ltd., as Issuer, in the aggregate amount of $50 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/104918/000095017023000157/0000950170-23-000157-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"MUFG Bank Ltd."},{"label":"Value","value":"$50 million"},{"label":"Effective","value":"2022-12-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}