Black Hills Corp. Announces Pricing of $700 Million Debt Offering

Source Press Release
Company Black Hills Corp 
Tags Equity Financing, Financing
Date September 26, 2019

Black Hills Corp. (NYSE: BKH) today announced the pricing of a registered public offering of $700 million in senior unsecured notes. The debt offering consists of $400 million aggregate principal amount of 3.050% senior notes due 2029 and $300 million aggregate principal amount of 3.875% senior notes due 2049. Black Hills Corp. expects the offering to close on Oct. 3, 2019, subject to customary closing conditions.

The company plans to use the net proceeds from the offering to repay all of its outstanding $400 million term loan, retire all of its $200 million principal amount outstanding of 5.875% senior unsecured notes due July 15, 2020, repay a portion of its outstanding commercial paper and for general corporate purposes.

The offering is being made only by means of a prospectus supplement relating to the offering and accompanying base prospectus previously filed with the Securities and Exchange Commission, copies of which may be obtained for free by visiting EDGAR on the SEC Web site at  or, upon request, from BoA Securities, Inc. by calling toll-free at 1-800-294-1322 or from U.S. Bancorp Investments, Inc. by calling toll-free at 1-877-558-2607.

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