Avista issues $160M in first mortgage bonds; shareholder proposal to lower vote threshold fails

AVISTA CORP

• Issued $90M of 4.77% bonds due 2029 and $70M of 6.10% bonds due 2056; proceeds for refinancing and utility capex.
• Additional $70M of 6.10% bonds expected in August 2026 under same agreement.
• Annual meeting approved all 11 director nominees, ratification of Deloitte, and advisory say-on-pay.
• Proposal to reduce shareholder approval requirement from 80% to majority of outstanding shares failed to get required 80% vote.