Intrepid Potash extends revolving credit facility two years to 2020

By Wendy Van Sickle

Columbus, Ohio, Aug. 28 – Intrepid Potash, Inc. extended its credit agreement with U.S. Bank NA as administrative agent by two years on Friday, according to an 8-K filed with the Securities and Exchange Commission.

The facility’s new maturity date is Aug. 28, 2020.

The facility continues to have commitments of $250 million, consisting of a revolving credit facility, a swingline sub-facility up to $25 million and a letter of credit sub-facility up to $25 million.

No borrowings were drawn under the facility as of Friday.

Intrepid is a Denver-based producer and marketer of potash.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.