---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-039206"
form_type: "8-K"
ticker: "IPI"
cik: "0001421461"
company_name: "Intrepid Potash, Inc."
filed_at: "2026-04-02T23:59:59+00:00"
generated_at: "2026-05-15T07:49:46.499869+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Intrepid sells South Ranch assets for $70M; extends credit facility to 2031

## Summary
- Sold majority of oilfield solutions segment assets to HydroSource Logistics for $70M cash; closed April 1, 2026.
- Assets include ~21,793 acres fee land, 27,858 acres federal grazing leases, water rights.
- Company received $8M deposit in Dec 2025; remaining $62M paid at closing.
- Third Amendment extends maturity of credit facility to March 30, 2031 and improves financial covenants.

## SEC filing metadata
- accession: 0001104659-26-039206
- form_type: 8-K
- ticker: IPI
- cik: 0001421461
- company_name: Intrepid Potash, Inc.
- filed_at: 2026-04-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421461/000110465926039206/0001104659-26-039206-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421461/000110465926039206/tm2610418d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-039206
- JSON: https://secwatch.observer/filing/0001104659-26-039206.json
- Plain text: https://secwatch.observer/filing/0001104659-26-039206.txt

## Source-grounded claims
- claim_id: c4eabeb766bf812e385c78086b505bf5eee946d8
  claim: Intrepid Potash, Inc. amended credit facility with Bank of Montreal maturing March 30, 2031.
  evidence_excerpt: Pursuant to the Third Amendment, the Credit Agreement was amended to, among other things, (i) appoint such duties, rights, and obligations of the Administrative Agent (as defined in the Credit Agreement) to BMO Bank N.A., (ii) extend the maturity date of the Credit Agreement to March 30, 2031, (iii) amend certain provisions to dispositions to facilitate the Asset Disposition (as defined below), and (iv) update certain other provisions (including financial covenants) to be more favorable to the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421461/000110465926039206/0001104659-26-039206-index.htm
- claim_id: 606b185225f8dabc8aa7ac76f7c47d21a0bc2ab4
  claim: Intrepid Potash, Inc. completed a disposition involving HydroSource Logisitics, LLC for $70.0 million in cash (closed 2026-04-01).
  evidence_excerpt: leases, water rights located on the Ranch, and various other assets, interests, and related agreements (collectively, the “Ranch Assets”). Consideration for the Ranch Assets is $70.0 million in cash, subject to adjustment as set forth in the Purchase Agreement (the “Purchase Price”), of which the $8.0 million deposit received by the Company in December 2025 was
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421461/000110465926039206/0001104659-26-039206-index.htm
- claim_id: 25d0fe01b2d5e547ca5425cc4bd7dff2f82b79c2
  claim: Intrepid Potash, Inc. entered into Asset Purchase Agreement with HydroSource Logistics, LLC valued at Sale of Intrepid South Ranch assets for $70.0 million cash, closed April 1, 2026 (effective 2026-04-01).
  evidence_excerpt: On April 1, 2026, the Company, through its wholly-owned subsidiary, Intrepid Potash-New Mexico, LLC (“IPNM), entered into an Asset Purchase Agreement (the “Purchase Agreement”) with HydroSource Logisitics, LLC (“HydroSource”), pursuant to which IPNM agreed to sell the Intrepid South Ranch (the “Ranch”) to HydroSource (the “Asset Disposition”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421461/000110465926039206/0001104659-26-039206-index.htm
- claim_id: 8d81e1e4b12bd891651dea61cbf85a1863982084
  claim: Intrepid Potash, Inc. amended Successor Agent Agreement and Third Amendment to Amended and Restated Credit Agreement with Bank of Montreal, BMO Bank N.A. valued at Third Amendment amended Credit Agreement, extended maturity to 2031, updated covenants (effective 2026-03-30).
  evidence_excerpt: On March 30, 2026, Intrepid Potash, Inc. (the “Company”) and certain of its subsidiaries entered into the Successor Agent Agreement and Third Amendment to Amended and Restated Credit Agreement (the “Third Amendment”) with the lenders party thereto, Bank of Montreal, as original administrative agent, and BMO Bank N.A., as successor administrative agent, which amended certain terms of the Amended and Restated Credit Agreement, dated August 1, 2019 (as amended, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421461/000110465926039206/0001104659-26-039206-index.htm

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