Intrepid posts $518mn loss, fags loan concerns

摘要

Intrepid Potash reported a $518mn loss in the fourth quarter of 2015 because of low potash prices, raising the risk that the US producer may breach its loan agreements. “The pricing pressure is refected in our fourth quarter per- formance and has the potential to cause a breach in our loan covenants,” Intrepid chief executive Bob Jornayvaz said.