AVISTA CORP (AVA): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

AVISTA CORP incurred senior notes of $90.0 million 4.77% bonds due 2029 and $70.0 million 6.10% bonds due 2056 with institutional investors at 4.77% per annum for 2029 bonds; 6.10% per annum for 2056 bonds maturing 2029 for 4.77% bonds; 2056 for 6.10% bonds.

Instrument: senior notes
Principal: $90.0 million 4.77% bonds due 2029 and $70.0 million 6.10% bonds due 2056
Counterparty: institutional investors
Rate: 4.77% per annum for 2029 bonds; 6.10% per annum for 2056 bonds
Maturity: 2029 for 4.77% bonds; 2056 for 6.10% bonds
Event: incurrence

Exact text from the filing

On May 14, 2026, Avista Corporation (Avista Corp. or the Company) issued and sold $90.0 million of 4.77 percent first mortgage bonds due in 2029 and $70.0 million of 6.10 percent first mortgage bonds due in 2056 pursuant to a bond purchase agreement with institutional investors in the private placement market.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

AVISTA CORP shareholders approved Election of eleven directors at the 2026-05-14 meeting.

Proposal: director election
Outcome: passed
Meeting: 2026-05-14

Exact text from the filing

Proposal 1: Election of eleven directors, for one-year terms expiring at the 2027 Annual Meeting of Shareholders, and until their successors are elected. Director For Against Abstain Broker Non-Votes Julie A. Bentz 65,044,528 262,432 141,220 6,839,565

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

AVISTA CORP shareholders approved Advisory (non-binding) vote on executive compensation at the 2026-05-14 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2026-05-14

Exact text from the filing

Proposal 3: Advisory (non-binding) vote on executive compensation. For Against Abstain Broker Non-Votes 62,854,984 2,274,875 318,321 6,839,565 This advisory (non-binding) resolution was approved

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

AVISTA CORP shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2026 at the 2026-05-14 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2026-05-14

Exact text from the filing

Proposal 2: Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2026. For Against Abstain Broker Non-Votes 69,874,464 2,281,840 131,441 N/A This proposal was approved

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

AVISTA CORP shareholders rejected Amendment of the Restated Articles of Incorporation to reduce the shareholder approval requirement for specified matters from 80% of the total number of shares of common stock outstanding to a majority of such shares outstanding at the 2026-05-14 meeting.

Proposal: charter amendment
Outcome: failed
Meeting: 2026-05-14

Exact text from the filing

Proposal 4: Amendment of the Restated Articles of Incorporation to reduce the shareholder approval requirement for specified matters from 80% of the total number of shares of common stock outstanding to a majority of such shares outstanding. For Against Abstain Broker Non-Votes 64,317,253 805,879 325,048 6,839,565 This proposal was not approved

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AVISTA CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-231187

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