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BKHU - Black Hills News Story

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Black Hills Corp. Closes $550 Million Debt Offering

Wed 13th January, 2016 9:16pm
RAPID CITY, S.D. - Jan. 13, 2016 - Black Hills Corp. (NYSE: BKH) today
announced the closing of its previously announced registered public debt
offering of $250 million aggregate principal amount of 2.500% senior unsecured
notes due 2019 and $300 million aggregate principal amount of 3.950% senior
unsecured notes due 2026. 
 
 The company plans to use the net proceeds from the debt offering to partially
fund the pending acquisition of SourceGas Holdings LLC, which is expected to
close in the first quarter of 2016. 
 
 This announcement does not constitute an offer to sell or the solicitation of
offers to buy any security and shall not constitute an offer, solicitation, or
sale of any security in any jurisdiction in which such offer, solicitation, or
sale would be unlawful. 
 
 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 792,000 natural gas and electric utility customers in Colorado,
Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. The company also
generates wholesale electricity and produces natural gas, oil and coal. Black
Hills Corp.'s more than 2,000 employees form partnerships and produce positive
results for our customers, communities and shareholders. 
 
 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, including
statements regarding the expected use of proceeds from the offering and the
expected closing date of the acquisition of SourceGas Holdings LLC. These
forward-looking statements are based on assumptions which we believe are
reasonable based on current expectations and projections about future events
and industry conditions and trends affecting our business. However, whether
actual results and developments will conform to our expectations and
predictions is subject to a number of risks and uncertainties that, among
other things, could cause actual results to differ materially from those
contained in the forward-looking statements, including the factors discussed
above, the risk factors described in Item 1A of Part I of our 2014 Annual
Report on Form 10-K, as amended by Form 10-K/A filed on August 7, 2015, Item
1A of Part II of our Quarterly Report on Form 10-Q for the quarter ended
September 30, 2015, and other reports that we file with the 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#1978768
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