- Current report filing (8-K)
November 01 2011 - 4:16PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 27, 2011
AVISTA CORPORATION
(Exact name of registrant as specified in its charter)
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Washington
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1-3701
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91-0462470
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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1411 East Mission Avenue,
Spokane, Washington
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99202-2600
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code: 509-489-0500
Web site: http://www.avistacorp.com
(Former name or former address, if changed since last report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Section 8 Other Events
Item 8.01 Other Events.
On October 27, 2011, Avista Corporation (Avista
Corp. or the Company) entered into a bond purchase agreement with certain institutional investors in the private placement market for the purpose of issuing $85.0 million of 4.45 percent First Mortgage Bonds due in 2041. The new First Mortgage Bonds
will be issued under and in accordance with the Mortgage and Deed of Trust, dated as of June 1, 1939, from the Company to Citibank, N.A., trustee, as amended and supplemented by various supplemental indentures and other instruments.
The issuance of the bonds will occur at closing in December 2011. The total net proceeds from the sale of the new bonds will be used to repay a portion
of the borrowings outstanding under the Companys $400.0 million committed line of credit.
The bonds have not been, and will not be,
registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
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.
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AVISTA CORPORATION
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(Registrant)
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Date: November 1, 2011
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/s/ Mark T.
Thies
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Mark T. Thies
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Senior Vice President
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and Chief Financial Officer
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