Idaho Power enters $150M term loan facility with Wells Fargo and U.S. Bank

IDACORP INC

$150M senior unsecured delayed draw term loan, two-year maturity (March 4, 2024).
Available for draws until May 31, 2022, maximum three draws.
Proceeds for general corporate purposes and funding capital projects.
Interest based on prime, federal funds+0.5%, or Term SOFR+1% plus applicable margin tied to credit ratings.
Covenant requires leverage ratio (consolidated debt to total capitalization) ≤0.65.

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