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Intrepid Potash -12% after pricing 43.5M share offering

Mar. 16, 2017 8:24 AM ETIntrepid Potash, Inc. (IPI) StockIPIBy: Carl Surran, SA News Editor2 Comments
  • Intrepid Potash (NYSE:IPI) -11.9% premarket after pricing a ~43.54M-share public offering for gross proceeds of $52.3M, with an underwriters option to purchase up to an additional ~6.53M common shares.
  • IPI says the proceeds will be used to partially repay indebtedness outstanding under its senior notes and for general corporate purposes.

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