Avista to repay $70 million term loan, some credit line borrowings

By Marisa Wong

Morgantown, W.Va., Dec. 16 – Avista Corp. will repay a $70 million term loan due Dec. 30, 2016 and a portion of borrowings outstanding under its $400 million committed line of credit using proceeds from a private placement of bonds.

The company issued $175 million of 3.54% first mortgage bonds due 2051 to institutional investors on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

Avista is a Spokane, Wash.-based energy company.

© 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.