Avista Corp. Files 8-K for Financial Statements

TL;DR

Avista filed an 8-K for financial updates, nothing major to see here.

AI Summary

Avista Corp. filed an 8-K on April 3, 2024, reporting an event on April 1, 2024. The filing primarily concerns financial statements and exhibits, with no specific material events detailed in the provided text.

Why It Matters

This filing indicates that Avista Corp. is providing updated financial information and exhibits to the SEC, which is standard practice for public companies.

Risk Assessment

Risk Level: low — The filing appears to be routine and does not disclose any significant new risks or material adverse events.

Key Numbers

• 20240401 — Report Date (Earliest event reported)
• 20240403 — Filing Date (Date of submission to SEC)

Key Players & Entities

• AVISTA CORP (company) — Registrant
• WASHINGTON WATER POWER CO (company) — Former Company Name
• 0000950170-24-041236 (filing_id) — Accession Number

FAQ

Key Financial Figures

• $66.7 million — e Company) closed on the remarketing of $66.7 million and $17.0 million of the City of Forsyt
• $17.0 million — on the remarketing of $66.7 million and $17.0 million of the City of Forsyth, Montana Polluti
• $83.7 million — ompany will recognize long term debt of $83.7 million. In connection with the pricing of th
• $20 million — rivatives (notional aggregate amount of $20 million) and received a net amount of $4.4 mill
• $4.4 m — 0 million) and received a net amount of $4.4 million, which will be amortized as a com
• $66,700,000 — Forsyth, Montana and Avista Corporation $66,700,000 City of Forsyth, Montana Pollution Cont
• $17,000,000 — Forsyth, Montana and Avista Corporation $17,000,000 City of Forsyth, Montana Pollution Cont

Filing Documents

• ava-20240401.htm (8-K) — 49KB
• 0000950170-24-041236.txt ( ) — 157KB
• ava-20240401.xsd (EX-101.SCH) — 23KB
• ava-20240401_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On April 1, 2024, Avista Corporation (Avista Corp. or the Company) closed on the remarketing of $66.7 million and $17.0 million of the City of Forsyth, Montana Pollution Control Revenue Refunding Bonds due in 2032 and 2034, respectively. These bonds are secured by equal principal amounts of non-transferable first mortgage bonds of the Company. The term interest rate on both series of bonds is 3.875 percent. Avista Corp. purchased the bonds upon original issuance in December 2010, with the intention to hold the bonds until market conditions were favorable for remarketing the bonds to unaffiliated investors. While the Company was the holder of these bonds, the bonds were not reflected as an asset or a liability on the Consolidated Balance Sheets. With the remarketing of these bonds, the Company will recognize long term debt of $83.7 million. In connection with the pricing of the remarketed bonds in March 2024, the Company cash settled two interest rate swap derivatives (notional aggregate amount of $20 million) and received a net amount of $4.4 million, which will be amortized as a component of interest expense over the life of the debt. The net proceeds from the remarketing of these bonds were used to refinance existing short term debt obligations. The bonds are "exempted securities" under the Securities Act of 1933, requiring no registration under that Act. Section 9 Financial Statements and Exhibits

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Previously filed (1) With Registration Number As Exhibit 4.1 (with Form 8-K dated as of December 15, 2010) 4.1 Loan Agreement between City of Forsyth, Montana and Avista Corporation $66,700,000 City of Forsyth, Montana Pollution Control Revenue Refunding Bonds (Avista Corporation Colstrip Project) Series 2010A dated as of December 1, 2010. 4.2 (with Form 8-K dated as of December 15, 2010) 4.2 Loan Agreement between City of Forsyth, Montana and Avista Corporation $17,000,000 City of Forsyth, Montana Pollution Control Revenue Refunding Bonds (Avista Corporation Colstrip Project) Series 2010B dated as of December 1, 2010. 4.3 (with Form 8-K dated as of December 15, 2010) 4.3 Trust Indenture between City of Forsyth, and the Bank of New York Mellon Trust Company, N.A., as Trustee, $66,700,000 City of Forsyth, Montana Pollution Control Revenue Refunding Bonds (Avista Corporation Colstrip Project) Series 2010A, dated as of December 1, 2010. 4.4 (with Form 8-K dated as of December 15, 2010) 4.4 Trust Indenture between City of Forsyth, and the Bank of New York Mellon Trust Company, N.A., as Trustee, $17,000,000 City of Forsyth, Montana Pollution Control Revenue Refunding 4.5 (with Form 8-K dated as of December 15, 2010) 4.5 Forty-Eighth Supplemental Indenture, dated as of December 1, 2010. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) (1) Incorporated herein by reference

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. AVISTA CORPORATION Date: April 3, 2024 By: /s/ Kevin J. Christie Kevin J. Christie Senior Vice President, Chief Financial Officer, Treasurer and Regulatory Affairs Officer

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View this 8-K filing on SEC EDGAR