UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 | Other Events. |
On March 10, 2025, Idaho Power Company (“Idaho Power”) entered into a Terms Agreement (the “Terms Agreement”) with Mizuho Securities USA LLC, J.P. Morgan Securities LLC, MUFG Securities Americas Inc., Wells Fargo Securities, LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, and U.S. Bancorp Investments, Inc., as purchasers, whereby Idaho Power agreed to sell and the purchasers agreed to purchase, subject to the terms and conditions expressed therein, $400,000,000 aggregate principal amount of Idaho Power’s 5.70% First Mortgage Bonds due 2055, Secured Medium-Term Notes, Series O (the “Bonds”). The Bonds are expected to be issued on March 13, 2025, subject to the terms and conditions expressed in the Terms Agreement and in the Selling Agency Agreement, dated February 26, 2025, between Idaho Power and each of agents named therein (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 as Exhibit 1.1 to Idaho Power’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 26, 2025.
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: March 11, 2025
IDAHO POWER COMPANY | ||
By: | /s/ Brian R. Buckham | |
Brian R. Buckham | ||
Senior Vice President, Chief Financial Officer, and Treasurer |