Avista Energy closes on $110 million credit facility

By Sara Rosenberg

New York, July 1 - Avista Energy said it closed on a new $110 million uncommitted credit facility, replacing an agreement that expired June 28. The new facility is approximately $13 million larger than the previous facility.

"We are extremely pleased to be able to renew our credit facility at an increased funding level," said president Dennis Vermillion in a news release. "We believe this demonstrates recognition by our banks that Avista Energy has effectively reduced its business risk and continues to be a strong, focused performer in western energy markets."

Avista Energy is Spokane, Wash.-based Avista Corp.'s energy marketing subsidiary.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.