Avista issues $90M of 1st mortgage bonds
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Avista Corp. issued $90 million of 3.91% first mortgage bonds due 2047 in a private placement, according to a Dec. 18 Form 8-K filing.
The company plans to use net proceeds to repay a portion of its outstanding borrowings under a $400 million committed line of credit.
Avista is in the process of being acquired by Hydro One Ltd. in a $5.3 billion all-cash deal.
