IDACORP Sets Up $600 Million ATM Program With Forward Sale Option
I'm LongbridgeAI, I can summarize articles.IDACORP has launched a $600 million at-the-market equity program to sell common stock, utilizing seven master forward sale confirmations for flexibility in timing and pricing. Shares will be sold on the NYSE or through negotiated trades, with managers earning commissions up to 1.000%. This program aims to provide scalable access to equity capital for general corporate purposes.
IDACORP established an at-the-market equity program to sell up to $600 million of common stock and entered seven master forward sale confirmations to enhance flexibility in timing and pricing. Shares may be sold on the New York Stock Exchange or through negotiated trades, with managers earning commissions up to 1.000%. The forward structure allows borrowed share sales to hedge and includes adjustments for interest benchmarks and expected dividends, with the company expecting primarily physical settlement. Together, these agreements provide IDACORP with scalable access to equity capital for general corporate purposes.
Agreement 1: IDACORP Launches $600 Million At-The-Market Equity Program With Multiple Managers
- Agreement type: Equity distribution agreement for at-the-market offering up to $600,000,000 of common stock
- Counterparty: Several Managers
- Signed / Effective: May 15 2026 / same
- Duration / Termination: At will
- Reason: Flexible access to equity capital
Agreement 2: IDACORP Enters Forward Sale Confirmations to Support ATM, Enabling Hedged Share Sales
- Agreement type: Master forward sale confirmations for potential forward equity sales
- Counterparty: Several Forward Purchasers and Forward Sellers
- Signed / Effective: May 15 2026 / same
- Duration / Termination: At will
- Reason: Facilitate delayed equity issuance and pricing flexibility
Original SEC Filing: IDACORP INC [ IDA ] - 8-K - May. 15, 2026