IDACORP (IDA) Announces $260M Share Offering

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Go back to IDACORP (IDA) Announces $260M Share Offering

IDACORP, Inc. Announces Public Offering of $260 Million of Shares of Common Stock

November 7, 2023 4:24 PM EST

BOISE, Idaho--(BUSINESS WIRE)-- IDACORP, Inc. (NYSE: IDA) announced today that it has commenced an underwritten public offering of $260 million of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward counterparty (as defined below) (or its affiliates) from third parties and sold to the underwriters in the offering in connection with the forward sale agreement described below. In conjunction with the offering, IDACORP intends to grant to the underwriters an option to purchase up to $39 million of additional shares of its common... More