Key Developments: Intrepid Potash Inc (IPI)
18.26USD
21 May 2013
$-0.26 (-1.40%)
$18.28
$18.46
$18.63
$18.24
482,393
861,781
$24.70
$16.88
Latest Key Developments (Source: Significant Developments)
Intrepid Potash Inc Declares Special Dividend
Intrepid Potash Inc announced that board of directors has declared a special cash dividend on its common stock of $0.75 per share. The dividend is payable on December 27, 2012, to all stockholders of record at the close of business on December 17, 2012. Full Article
Intrepid Potash Inc To Issue $150 Million of Senior Notes
Intrepid Potash Inc announced that it has agreed to issue $150 million aggregate principal amount of unsecured senior notes (the “Notes”) in the following series: $60 million of 3.23% Senior Notes, Series A, due April 16, 2020 ; $45 million of 4.13% Senior Notes, Series B, due April 14, 2023 ; $45 million of 4.28% Senior Notes, Series C, due April 16, 2025 . The Notes are expected to be issued on April 16, 2013. The Notes were offered to institutional investors in a private placement exempt from registration under the Securities Act of 1933, as amended. The weighted average term of the Notes is 9.4 years and the weighted average coupon is 3.9%, reflecting the historically low interest rate environment for long-term financing. Intrepid intends to use the net proceeds from the issuance primarily to support general corporate purposes, including capital investments to grow production of incremental low-cost tons, and potential investments that complement its strategy and grow its business. Intrepid is committed to continuing its strategy of increasing potash production, decreasing per ton operating costs, and leveraging its multi-decade reserves. Full Article
Intrepid Potash, Inc. Issues Q3, FY 2012 Production Guidance
Intrepid Potash, Inc. announced that for the third quarter of 2012, it estimates to produce between 180,000-200,000 tons of potash and 785,000-825,000 tons of potash for fiscal 2012. Full Article
Intrepid Potash, Inc. Issues Q2 2012 Production Guidance
Intrepid Potash, Inc. announced that for second quarter of 2012, it expects to produce between 165,000 and 175,000 tons of potash and sold between 180,000 and 190,000 tons of potash. Full Article
Intrepid Potash, Inc. Issues Q1 2012 Production Guidance
Intrepid Potash, Inc. announced that for first quarter of 2012, it estimates to produce between 215,000 and 225,000 tons of potash. Full Article
Intrepid ex-partner flags compensation offer in gold mine dispute
MELBOURNE/JAKARTA, May 7 - An Indonesian company is willing to reimburse Australian explorer Intrepid Mines for work it carried out on a huge gold prospect in Indonesia, looking to resolve a bitter dispute over rights to the mine, a lawyer said.
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