UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 | Other Events. |
On August 7, 2024, Idaho Power Company (“Idaho Power”) entered into a Terms Agreement (the “Terms Agreement”) with J.P. Morgan Securities LLC, BofA Securities, Inc., U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC and MUFG Securities Americas Inc., as purchasers, whereby Idaho Power agreed to sell and the purchasers agreed to purchase, subject to the terms and conditions expressed therein, $300,000,000 aggregate principal amount of Idaho Power’s 5.20% First Mortgage Bonds due 2034, Secured Medium-Term Notes, Series M (the “Bonds”). The Bonds are expected to be issued on August 12, 2024, subject to the terms and conditions expressed in the Terms Agreement and in the Selling Agency Agreement, dated June 30, 2022, between Idaho Power and each of agents named therein, as amended by that certain Amendment No. 1, dated August 7, 2024 (the “Selling Agency Agreement”).
The Terms Agreement and the Selling Agency Agreement contain representations, warranties and agreements of Idaho Power, customary conditions to closing, indemnification rights and obligations of the parties and termination provisions. The Terms Agreement is filed as Exhibit 1.1 hereto. The Selling Agency Agreement was previously filed (without Amendment No. 1) as Exhibit 1.1 to Idaho Power’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 30, 2022. Amendment No. 1 is filed as Exhibit 1.3 hereto.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 8, 2024
IDAHO POWER COMPANY | ||
By: | /s/ Brian R. Buckham | |
Brian R. Buckham | ||
Senior Vice President, Chief Financial Officer, and Treasurer |