Intrepid Potash Inc., Denver, Colo., announced today that it has commenced an underwritten public offering of shares of its common stock. The net proceeds from this offering are expected to be used to partially repay indebtedness outstanding under Intrepid’s senior notes and for general corporate purposes. Intrepid intends to grant the underwriter a 30-day option to purchase additional shares of common stock at the public offering price.
Cantor Fitzgerald & Co. is acting as the sole book-running manager of this offering. The offering will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Ave., 5th Floor, New York, New York 10022, or by telephone at 212.829.7122, or by e-mail at prospectus@cantor.com. An electronic copy of the preliminary prospectus supplement and accompanying base prospectus may also be obtained at no charge from the Securities and Exchange Commission’s website at www.sec.gov.