---
schema_version: "secwatch.filing_event.v1"
accession: "0001057877-22-000077"
form_type: "8-K"
ticker: "IDA"
cik: "0001057877"
company_name: "IDACORP INC"
filed_at: "2022-11-23T23:59:59+00:00"
generated_at: "2026-06-21T13:15:43.441604+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# IDACORP amends $100M and Idaho Power $300M credit facilities; extends maturities to 2026, transitions to SOFR

## Summary
- IDACORP $100M revolver amended: $84.375M extended to Dec 7, 2026; $15.625M to Dec 6, 2025.
- Idaho Power $300M revolver amended: $253.125M extended to Dec 7, 2026; $46.875M to Dec 6, 2025.
- Interest rate benchmark transitioned from LIBOR to SOFR for both facilities.
- Facilities used for general corporate purposes and commercial paper backup.
- Covenant unchanged: leverage ratio of consolidated debt to total capitalization ≤ 0.65.

## SEC filing metadata
- accession: 0001057877-22-000077
- form_type: 8-K
- ticker: IDA
- cik: 0001057877
- company_name: IDACORP INC
- filed_at: 2022-11-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1057877/000105787722000077/0001057877-22-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49648/000105787722000077/ida-20221118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001057877-22-000077
- JSON: https://secwatch.observer/filing/0001057877-22-000077.json
- Plain text: https://secwatch.observer/filing/0001057877-22-000077.txt

## Key facts
- Material Agreements
  IDACORP INC amended IPC Facility Amendment with Wells Fargo Bank, National Association, as administrative agent, an extending lender, swingline lender, and LC issuer; JPMorgan Chase Bank, N.A.; and MUFG Union Bank, N.A., as extending lenders and LC Issuers; and the other financial institutions party thereto, as lenders valued at $300 million (effective 2022-11-18).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent, an extending lender, swingline lender, and LC issuer; JPMorgan Chase Bank, N.A.; and MUFG Union Bank, N.A., as extending lenders and LC Issuers; and the other financial institutions party thereto, as lenders
  - Value: $300 million
  - Effective: 2022-11-18
  source text: On November 18, 2022, Idaho Power Company (“IPC”), a wholly owned subsidiary of IDACORP, entered into a Third Amendment to Credit Agreement (the “IPC Facility Amendment”) with the Lending Parties.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057877/000105787722000077/0001057877-22-000077-index.htm
- Material Agreements
  IDACORP INC amended IDACORP Facility Amendment with Wells Fargo Bank, National Association, as administrative agent, an extending lender, swingline lender, and LC issuer; JPMorgan Chase Bank, N.A.; and MUFG Union Bank, N.A., as extending lenders and LC Issuers; and the other financial institutions party thereto, as lenders valued at $100 million (effective 2022-11-18).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent, an extending lender, swingline lender, and LC issuer; JPMorgan Chase Bank, N.A.; and MUFG Union Bank, N.A., as extending lenders and LC Issuers; and the other financial institutions party thereto, as lenders
  - Value: $100 million
  - Effective: 2022-11-18
  source text: On November 18, 2022, IDACORP, Inc. (“IDACORP”) entered into a Third Amendment to Credit Agreement (the “IDACORP Facility Amendment”) with Wells Fargo Bank, National Association, as administrative agent, an extending lender, swingline lender, and LC issuer; JPMorgan Chase Bank, N.A.; and MUFG Union Bank, N.A., as extending lenders and LC Issuers; and the other financial institutions party thereto, as lenders (collectively, “Lending Parties”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057877/000105787722000077/0001057877-22-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.