$Intrepid Potash(IPI)$ • Intrepid Potash (IPI +8.6%) surges after disclosing an agreement with its noteholders to amend the terms of its senior notes and entering into a new revolving credit agreement with Bank of Montreal, which provides additional borrowing capacity of up to $35M, subject to a borrowing base limitation.
• IPI also says it will engage an investment banker to assess, evaluate and potentially pursue potential strategic alternatives.