secwatch.observer — SEC 8-K summary
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Issuer:     IDACORP INC (IDA)
CIK:        0001057877
Form:       8-K
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0001057877-22-000019
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057877/000105787722000019/0001057877-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49648/000105787722000019/ida-20220304.htm
  HTML page:      https://secwatch.observer/filing/0001057877-22-000019

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