secwatch.observer — SEC 8-K summary
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Issuer:     AVISTA CORP (AVA)
CIK:        0000104918
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0000950170-23-027534
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avista increases credit facility to $500M, extends maturity to June 2028
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- Committed line of credit increased from $400M to $500M; expiration extended to June 8, 2028, with two possible one-year extensions.
- LIBOR rate references replaced with SOFR provisions.
- Separate $100M line of credit terminated.
- Facility secured by $500M of non-transferable first mortgage bonds (12% nominal rate, due only on default).
- Financial covenant unchanged: consolidated total debt to total capitalization capped at 65%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104918/000095017023027534/0000950170-23-027534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104918/000095017023027534/ava-20230608.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-027534

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer