secwatch.observer — SEC 8-K summary
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Issuer:     IDACORP INC (IDA)
CIK:        0001057877
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0001057877-23-000071
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057877/000105787723000071/0001057877-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49648/000105787723000071/ida-20231208.htm
  HTML page:      https://secwatch.observer/filing/0001057877-23-000071

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