---
schema_version: "secwatch.filing_event.v1"
accession: "0001057877-23-000071"
form_type: "8-K"
ticker: "IDA"
cik: "0001057877"
company_name: "IDACORP INC"
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T14:38:51.337296+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# IDACORP and Idaho Power enter $500M in new credit facilities maturing 2028

## Summary
- IDACORP's new $100M revolving credit facility matures Dec 8, 2028, replacing 2015 facility.
- Idaho Power's new $400M revolving credit facility also matures Dec 8, 2028, replacing 2015 facility.
- Facilities provide for swingline loans and letters of credit; used for general corporate purposes and commercial paper backup.
- IDACORP may increase its facility to $150M; Idaho Power may increase to $600M, with extension options.
- Both facilities include a leverage ratio covenant of ≤ 0.65 and customary events of default.

## SEC filing metadata
- accession: 0001057877-23-000071
- form_type: 8-K
- ticker: IDA
- cik: 0001057877
- company_name: IDACORP INC
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1057877/000105787723000071/0001057877-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49648/000105787723000071/ida-20231208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001057877-23-000071
- JSON: https://secwatch.observer/filing/0001057877-23-000071.json
- Plain text: https://secwatch.observer/filing/0001057877-23-000071.txt

## Key facts
- Debt Financings
  IDACORP INC incurred revolving credit of $100 million revolving line of credit with Wells Fargo Bank, National Association at floating rate that is equal to the highest of the prime rate, federal funds rate maturing 2028-12-08.
  - Instrument: revolving credit
  - Principal: $100 million revolving line of credit
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: floating rate that is equal to the highest of the prime rate, federal funds rate
  - Maturity: 2028-12-08
  - Event: incurrence
  source text: The IDACORP Facility is a $100 million revolving line of credit that matures on December 8, 2028.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057877/000105787723000071/0001057877-23-000071-index.htm
- Debt Financings
  IDACORP INC incurred revolving credit of $400 million revolving line of credit with Wells Fargo Bank, National Association at floating rate that is equal to the highest of the prime rate, federal funds rate maturing 2028-12-08.
  - Instrument: revolving credit
  - Principal: $400 million revolving line of credit
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: floating rate that is equal to the highest of the prime rate, federal funds rate
  - Maturity: 2028-12-08
  - Event: incurrence
  source text: The IPC Facility is a $400 million revolving line of credit that matures on December 8, 2028.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057877/000105787723000071/0001057877-23-000071-index.htm
- Material Agreements
  IDACORP INC entered into Idaho Power Credit Facility with Wells Fargo Bank, National Association; JPMorgan Chase Bank, N.A.; and other financial institutions valued at $400 million revolving line of credit, maturing December 8, 2028 (effective 2023-12-08).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association; JPMorgan Chase Bank, N.A.; and other financial institutions
  - Value: $400 million revolving line of credit, maturing December 8, 2028
  - Effective: 2023-12-08
  source text: On December 8, 2023, Idaho Power Company (“IPC”) entered into a Credit Agreement (the “IPC Facility” and together with the IDACORP Facility, the “Facilities”) with the Lending Parties.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057877/000105787723000071/0001057877-23-000071-index.htm
- Material Agreements
  IDACORP INC entered into IDACORP Credit Facility with Wells Fargo Bank, National Association; JPMorgan Chase Bank, N.A.; and other financial institutions valued at $100 million revolving line of credit, maturing December 8, 2028 (effective 2023-12-08).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association; JPMorgan Chase Bank, N.A.; and other financial institutions
  - Value: $100 million revolving line of credit, maturing December 8, 2028
  - Effective: 2023-12-08
  source text: On December 8, 2023, IDACORP, Inc. (“IDACORP”) entered into a Credit Agreement (the “IDACORP Facility”) with Wells Fargo Bank, National Association, as administrative agent, swingline lender, and LC issuer; JPMorgan Chase Bank, N.A., as syndication agent and LC issuer; and the other financial institutions party thereto, as lenders (collectively, the “Lending Parties”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057877/000105787723000071/0001057877-23-000071-index.htm

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