Item 1.01 Entry into a Material Definitive Agreement. On November 29, 2022, Avista Corporation (Avista Corp. or the Company) entered into a revolving Credit Agreement with Keybank National Association, as Lender and Administrative Agent, in an aggregate amount not to exceed $50 million with a maturity date of November 28, 2023. Loans under this agreement are unsecured and will have a variable annual interest rate determined by either the Secured Overnight Financing Rate or the Alternative Base Rate depending on the type of loan selected by Avista Corp. The Credit Agreement contains customary covenants and default provisions, including a covenant not to permit the ratio of “consolidated total(…)
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