Intrepid Potash today announced that is has obtained an extension to its previous waiver of certain covenants under its senior notes until October 31, 2016. The previous waiver was to expire on September 30, 2016. "The extension of the waiver is intended to provide additional time to complete definitive documentation for the revised note terms as well as the terms of the previously announced alternative credit facility [...]
DENVER, August 2, 2016 - Intrepid Potash Inc. (Intrepid) (NYSE:IPI) today reported its results for the second quarter and first half of 2016. Second Quarter Results Net loss of $13.4 million, or $0.18 per diluted share, compared with net loss of $4.9 million, or $0.07 per diluted share, in the second quarter of 2015. Potash sales of $39.2 million on sales volume of 168,000 tons compared with potash sales of $57.1 [...]
DENVER; July 29, 2016 - Intrepid Potash Inc. (NYSE:IPI) today announced that it has obtained further waivers of certain covenants under its senior notes and its credit facility until September 30, 2016. Intrepid has also reached an agreement in principle with holders of its senior notes regarding revised terms. The agreement in principle is non-binding and allows the parties until September 30, 2016, to complete [...]
DENVER; July 20, 2016 - Intrepid Potash Inc. (NYSE:IPI) plans to release its second quarter and first half 2016 financial results on Tuesday, August 2, 2016, before the market opens. Intrepid will host a conference call the same day at 10:00 a.m. Eastern Time to discuss the results and other operating matters and to answer investor questions. Management invites you to listen to the conference call by using the dial-in [...]
DENVER; July 15, 2016 - Intrepid Potash Inc. (NYSE:IPI) today announced it has reached an agreement with its noteholders to further extend the previously announced waiver of the financial covenants for the first quarter of 2016 under its long-term unsecured senior notes until July 29, 2016. The most recent waiver from the noteholders would have expired on July 15, 2016. "We continue to make progress in the negotiations [...]
DENVER; June 30, 2016 - Intrepid Potash Inc. (NYSE:IPI) today announced it has reached an agreement to further extend the previously announced waiver of the financial covenants for the first quarter of 2016 under its long-term unsecured senior notes until July 15, 2016. The previous waiver from the noteholders would have expired on June 30, 2016. "We believe we have made good progress in the negotiations with our [...]
DENVER, May 9, 2016 - Intrepid Potash Inc. (Intrepid) (NYSE:IPI) today reported its results for the first quarter ended March 31, 2016. Intrepid reported a net loss in the first quarter of 2016 of $18.4 million, or $0.24 per diluted share, compared with net income of $6.5 million, or $0.09 per diluted share, in the first quarter of 2015. Excluding certain items that affect comparability between the two periods, including [...]
DENVER, May 9, 2016 - Intrepid Potash Inc. (Intrepid) (NYSE:IPI) announced today its decision to idle operations at its West facility and transition the facility to a care-and-maintenance mode. The West facility, which generated 42% of Intrepid's potash production in 2015, is a conventional mining facility located in Carlsbad, New Mexico. The facility's operations have become increasingly less profitable in recent months [...]
DENVER; April 21, 2016 - Intrepid Potash Inc. (NYSE:IPI) plans to release its first quarter 2016 financial results on Monday, May 9, 2016, before the market opens. Intrepid will host a conference call the same day at 10:00 a.m. Eastern Time to discuss the results and other operating matters and to answer investor questions. Management invites you to listen to the conference call by using the dial in number 1-800-319-4610 [...]
DENVER, February 29, 2016 - Intrepid Potash Inc. (Intrepid) (NYSE:IPI) reported its financial results for the fourth quarter and full year 2015. Intrepid's fourth quarter 2015 net loss totaled $518.3 million, or $6.85 per share, compared with net income of $5.8 million, or $0.08 per share, for the 2014 fourth quarter. Excluding certain items that impact comparability from period to period including an asset impairment [...]
DENVER; Feb. 9, 2016 - Intrepid Potash Inc. (NYSE:IPI) plans to release its fourth quarter and full-year 2015 financial results on Monday, February 29, 2016, before the market opens. Intrepid will host a conference call the same day at 10:00 a.m. Eastern Time to discuss the results and to answer investor questions. Management invites you to listen to the conference call by using the dial in number 1-800-319-4610 from the [...]
DENVER, January 15, 2016 - Intrepid Potash (IPI) today reported it has successfully modified its debt covenants for both its unsecured credit line and its long-term, unsecured senior notes. Bob Jornayvaz, Intrepid's Executive Chairman, President and CEO, said, "We, together with our lending partners, permanently modified the previous financial covenants providing more flexibility for Intrepid to execute on its three [...]
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