IDACORP enters $600M ATM equity distribution agreement with forward sale provisions

IDACORP INC

Agreement dated May 15, 2026, allows sale of up to $600M of common stock via ATM offerings, including forward sale agreements.
Commission up to 1.000% of sales price for shares sold directly; forward sellers receive similar commission via reduced forward price.
Company may settle forward sales physically for cash proceeds, or elect cash or net share settlement which may yield no proceeds.
Shares issued under existing shelf registration (File No. 333-285140) filed Feb 21, 2025.
Managers include lenders under IDACORP's and Idaho Power's revolving credit facilities.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

IDACORP INC entered into Equity Distribution Agreement with the several Managers, Forward Sellers, and Forward Purchasers named therein valued at up to $600,000,000 (effective 2026-05-15).

Action: entry
Agreement: atm program
Counterparty: the several Managers, Forward Sellers, and Forward Purchasers named therein
Value: up to $600,000,000
Effective: 2026-05-15

Exact text from the filing

On May 15, 2026, IDACORP, Inc. (the “Company” or “IDACORP”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with the several Managers (the “Managers”), Forward Sellers (the “Forward Sellers”), and Forward Purchasers (the “Forward Purchasers”) named therein relating to the issuance, offer, and sale from time to time of shares of the Company’s common stock, without par value (the “Common Stock”), having an aggregate gross sale price of up to $600,000,000

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23 material agreements filed in the last 30 days. Browse all material agreements →

IDACORP INC filing history →

Source: SEC EDGAR

accession 0001193125-26-227188

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