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Washington, D.C.  20549







Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934




Date of Report :  June 1, 2021

(Date of earliest event reported)


Intrepid Potash, Inc.

(Exact name of registrant as specified in its charter)


Delaware   001-34025   26-1501877
(State or other jurisdiction
of incorporation)
File Number)
  (I.R.S. Employer
Identification No.)


1001 17th Street, Suite 1050

Denver, Colorado 80202

(Address of principal executive offices and zip code)


(303) 296-3006

(Registrant’s telephone number, including area code)


Not Applicable 

(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:



Title of each class   Trading symbol   Name of each exchange on which registered
Common Stock, par value $0.001 per share   IPI   New York Stock Exchange


Indicate by checkmark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)


Emerging growth company ¨


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨







Item 1.02.Termination of a Material Definitive Agreement.


On June 1, 2021, Intrepid Potash, Inc. (the “Company”) repaid in full its outstanding Series B Senior Notes due April 14, 2023 (the “Senior Notes”) and satisfied all obligations under the Amended and Restated Note Purchase Agreement, dated as of October 31, 2016, by and among the Company and each of the purchasers named therein (as amended, the “Note Purchase Agreement”). In connection with this repayment, the Company paid in aggregate approximately $15.6 million, which consisted of (i) $15.0 million of remaining aggregate principal amount of Senior Notes, (ii) approximately $0.1 million of accrued and unpaid interest and (iii) a “make-whole” premium of approximately $0.5 million. As a result of the repayment, the Note Purchase Agreement was terminated.


Item 7.01.Regulation FD Disclosure.


On June 2, 2021, the Company issued a press release announcing the payoff of the Senior Notes. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.


Item 9.01.Financial Statements and Exhibits.


Exhibit No.   Description
99.1   Press Release of Intrepid Potash, Inc. dated June 2, 2021.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).







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: June 4, 2021 By: /s/ Matthew D. Preston
    Matthew D. Preston
    Vice President of Finance