secwatch.observer — SEC 8-K summary
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Issuer:     AVISTA CORP (AVA)
CIK:        0000104918
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0000950170-24-041236
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avista remarkets $83.7M pollution control bonds, recognizes long-term debt at 3.875%
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- Remarketed $66.7M (2032) and $17.0M (2034) bonds secured by first mortgage bonds at 3.875%.
- Bonds previously held by Avista since 2010 not reflected on balance sheet; now recognized as $83.7M long-term debt.
- Cash settled two interest rate swaps (notional $20M) for net receipt of $4.4M, amortized as interest expense over debt life.
- Net proceeds used to refinance existing short-term debt obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104918/000095017024041236/0000950170-24-041236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104918/000095017024041236/ava-20240401.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-041236

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