secwatch.observer — SEC 8-K summary
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Issuer:     IDACORP INC (IDA)
CIK:        0001057877
Form:       8-K
Filed at:   2022-11-23T23:59:59+00:00
Accession:  0001057877-22-000077
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057877/000105787722000077/0001057877-22-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49648/000105787722000077/ida-20221118.htm
  HTML page:      https://secwatch.observer/filing/0001057877-22-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer