AVISTA CORP (AVA): debt financing — Avista Corp. issues $250M of 5.66% first mortgage bonds due 2053

AVISTA CORP

Issued $250M principal of 5.66% first mortgage bonds due 2053 to institutional investors.
Proceeds for utility facility construction/improvement and refinancing existing debt.
Cash settled four interest rate swaps notional $40M for net receipt of $7.5M.
Bonds redeemable at make-whole premium; secured by lien on substantially all property.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AVISTA CORP incurred senior notes of $250.0 million at 5.66 percent maturing due in 2053.

Instrument: senior notes
Principal: $250.0 million
Rate: 5.66 percent
Maturity: due in 2053
Event: incurrence

Exact text from the filing

On March 29, 2023, Avista Corporation (Avista Corp. or the Company) issued and sold $250.0 million of 5.66 percent first mortgage bonds due in 2053 pursuant to a bond purchase agreement with institutional investors in the private placement market.

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Source: SEC EDGAR

accession 0000950170-23-011411

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