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BKHU - Black Hills News Story

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Black Hills Corp. Announces At-the-Market Equity Program

Fri 18th March, 2016 8:23pm
RAPID CITY, S.D. - March 18, 2016 - Black Hills Corp. (NYSE: BKH) (the
"Company") today announced it has filed a prospectus supplement with the
Securities and Exchange Commission under which it may sell shares of its
common stock with an aggregate value of up to $200 million through an
at-the-market equity offering program. The Company intends to use the net
proceeds from the program to fund capital expenditures and for general
corporate purposes. 
 
 The shares may be offered from time to time pursuant to a sales agreement
dated March 18, 2016, with Merrill Lynch, Pierce, Fenner & Smith Incorporated,
Morgan Stanley & Co. LLC and Mitsubishi UFJ Securities (USA), Inc., each as
sales agent and/or principal. 
 
 Shares of common stock will be offered pursuant to an effective shelf
registration statement filed with the SEC, and the offering will be made only
by means of a prospectus supplement and an accompanying prospectus. A
prospectus supplement and accompanying prospectus describing the terms of the
offering have been filed with the SEC. Investors are advised to read the
prospectus supplement and the accompanying prospectus and other documents
Black Hills has filed with the SEC for more complete information about the
Company and the at-the-market equity offering program. A copy of the
prospectus supplement and the accompanying prospectus relating to these
securities may be obtained from BofA Merrill Lynch, 222 Broadway, New York, NY
10038, Attn: Prospectus Department, email dg.prospectus_requests@baml.com;
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street,
2 nd Floor, New York, NY 10014; or from Mitsubishi UFJ Securities (USA), Inc.,
1221 Avenue of the Americas, 6 th Floor, New York, NY 10020, Telephone (212)
405-7440, Fax; (646) 434-3455 or Prospectus Request Hotline Toll Free at (877)
649-6848. 
 
 This press release does not constitute an offer to sell or a solicitation of
an offer to buy any securities in any state or jurisdiction in which it is
unlawful to make an offer, solicitation or sale. The offering may be made only
by means of a prospectus supplement and accompanying prospectus. 
 
 Black Hills Corporation 
 Black Hills Corp. (NYSE: BKH) is a growth-oriented, vertically integrated
energy company with a tradition of improving life with energy and a vision to
be the energy partner of choice. Based in Rapid City, South Dakota, the
Company serves 1.2 million natural gas and electric utility customers in eight
states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and
Wyoming. The company also generates wholesale electricity and produces natural
gas, oil and coal. 
 
 Investor Relations Contact 
 Jerome E. Nichols 
 605-721-1171 
 jerome.nichols@blackhillscorp.com 
 
 24-Hour Media Assistance 
 866-243-9002 
 
 Caution Regarding Forward-Looking Statements 
 This news release includes "forward-looking statements" as defined by the
Securities and Exchange Commission, or SEC. We make these forward-looking
statements in reliance on the safe harbor protections provided under the
Private Securities Litigation Reform Act of 1995. All statements, other than
statements of historical facts, included in this news release that address
activities, events or developments that we expect, believe or anticipate will
or may occur in the future, are forward-looking statements, which are subject
to various risks and uncertainties. Factors that could cause actual results to
differ from those in the forward-looking statements may accompany the
statements themselves. In addition, our business and any offering may be
influenced by many factors that are difficult to predict, involve
uncertainties that may materially affect actual results and are often beyond
our ability to control. These factors include, but are not limited to, the
prevailing conditions in the public capital markets, interest rates, economic,
political and market factors affecting trading volumes, securities prices or
demand for our equity securities. All forward-looking statements, whether
written or oral and whether made by or on behalf of us, are expressly
qualified by the risk factors and cautionary statements set forth in the
prospectus supplement and accompanying prospectus for the at-the-market equity
offering program, Item 1A of Part I of our 2015 Annual Report on Form 10-K,
and other reports that we file with SEC from time to time. 
 
 New factors that could cause actual results to differ materially from those
described in forward-looking statements emerge from time-to-time, and it is
not possible for us to predict all such factors, or the extent to which any
such factor or combination of factors may cause actual results to differ from
those contained in any forward-looking statement. We assume no obligation to
update publicly any such forward-looking statements, whether as a result of
new information, future events or otherwise. 
 
   
 


 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: Black Hills Corporation via Globenewswire 
 HUG#1996109
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