RAPID CITY, S.D. – June 12, 2020 ̶ Black Hills Corp. (NYSE: BKH) today announced the pricing of a registered public debt offering of $400 million aggregate principal of 2.50% senior unsecured notes due June 15, 2030. Black Hills Corp. expects the offering to close on June 17, 2020, subject to customary closing conditions.
The company plans to use the net proceeds from the offering for repayment of short-term debt, working capital and general corporate purposes. Upon close of this transaction, the company will have approximately $800 million of available liquidity between its revolving credit facility and cash on hand.
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 www.sec.gov or, upon request, from Wells Fargo Securities, LLC by calling toll-free at 1-800-645-3751, RBC Capital Markets, LLC by calling toll free at 1-866-375-6829, or J.P. Morgan Securities LLC by calling collect at 1-212-834-4533.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.