Insights

Syndicate of Underwriters Lead $375M Public Debt Offering by Avista Corporation

Choate represented the underwriters, led by Wells Fargo Securities, BNY Mellon Capital Markets, J.P. Morgan and MUFG, in a $375,000,000 public offering of first mortgage bonds by Avista Corporation.

Choate acts as designated underwriters’ counsel, designated purchasers’ counsel in private placements of debt securities by Avista and counsel to the sales agents in Avista’s at-the-market equity offering program. Avista is a public utility that provides electricity and natural gas to customers in Washington, Oregon, Idaho, Montana and Alaska.