Intrepid Potash increases credit facility to $150M, extends maturity to 2027

Intrepid Potash, Inc.

Total commitments increased by $75M to $150M; maturity extended to August 4, 2027.
Interest rate transition from LIBOR to SOFR; margins: Adjusted Term SOFR + 1.50%-2.25% or Base Rate + 0.50%-1.25%.
Three new lenders added: AgCountry, CoBank, and Compeer Financial.
Amended financial covenants and other provisions to be more favorable to the Company.
Loan parties reaffirm all obligations under the credit agreement.

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