Avista Corp. issues $120.0 million of 6.18% first mortgage bonds due 2055
Avista Corp. sold $120.0 million of 6.18 percent first mortgage bonds due 2055 to institutional investors in a private placement on July 23, 2025. Net proceeds will repay borrowings under its committed line of credit used for utility facilities or reimburse its treasury for such spending.
Key points
- Bonds issued July 23, 2025, at 6.18 percent, maturing in 2055, sold under a bond purchase agreement with institutional investors
- Bonds are secured by a lien on substantially all company property (other than excepted property) under the 1939 Mortgage and Deed of Trust
- Company cash settled one interest rate swap with a notional amount of $10.0 million and received a net $1.1 million, amortized into interest expense over the life of the debt
- Bonds are not registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an exemption
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 25, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.