AVISTA CORP (AVA): debt financing — Avista issues $120M of 6.18% first mortgage bonds due 2055

AVISTA CORP

Issued $120M principal of 6.18% first mortgage bonds, maturity 2055, via private placement.
Cash settled $10M notional interest rate swap, netting $1.1M to amortize over bond life.
Proceeds to repay borrowings under committed line of credit for utility facility construction/improvement.
Bonds are redeemable at make-whole premium plus accrued interest before maturity.

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 mortgage of $120.0 million at 6.18 percent maturing due in 2055.

Instrument: mortgage
Principal: $120.0 million
Rate: 6.18 percent
Maturity: due in 2055
Event: incurrence

Exact text from the filing

On July 23, 2025, Avista Corporation (Avista Corp. or the Company) issued and sold $120.0 million of 6.18 percent first mortgage bonds due in 2055 pursuant to a bond purchase agreement with institutional investors in the private placement market.

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Source: SEC EDGAR

accession 0000950170-25-098875

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