---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-087932"
form_type: "8-K"
ticker: "IPI"
cik: "0001421461"
company_name: "Intrepid Potash, Inc."
filed_at: "2022-08-09T23:59:59+00:00"
generated_at: "2026-06-24T01:55:29.486986+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-087932
- form_type: 8-K
- ticker: IPI
- cik: 0001421461
- company_name: Intrepid Potash, Inc.
- filed_at: 2022-08-09T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421461/000110465922087932/0001104659-22-087932-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421461/000110465922087932/tm2222916d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-087932
- JSON: https://secwatch.observer/filing/0001104659-22-087932.json
- Plain text: https://secwatch.observer/filing/0001104659-22-087932.txt

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