Loan & DebtMay 20, 2026, 06:02 AM
Avista Corp. Issues $160M First Mortgage Bonds
AI Summary
Avista Corporation issued and sold $90.0 million of 4.77% first mortgage bonds due 2029 and $70.0 million of 6.10% first mortgage bonds due 2056 in a private placement. The company plans to issue an additional $70.0 million of 6.10% bonds in August 2026. Proceeds will be used to refinance existing debt and fund utility capital expenditures. Additionally, at its 2026 Annual Meeting, shareholders approved the election of eleven directors, ratified Deloitte & Touche LLP as auditor, and approved executive compensation.
Key Highlights
- Issued $90.0 million of 4.77% first mortgage bonds due 2029.
- Issued $70.0 million of 6.10% first mortgage bonds due 2056.
- Expects to issue an additional $70.0 million of 6.10% bonds in August 2026.
- Net proceeds will refinance existing indebtedness and fund utility capital expenditures.
- Shareholders elected eleven directors for one-year terms.
- Shareholders ratified Deloitte & Touche LLP as independent auditor for 2026.
- Shareholders approved the advisory (non-binding) vote on executive compensation.
Price Impact
More from AVA