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BKH - Black Hills News Story

$68.86 0.3  0.4%

Last Trade - 10/05/21

Sector
Utilities
Size
Large Cap
Market Cap £3.09bn
Enterprise Value £5.85bn
Revenue £1.28bn
Position in Universe 1546th / 6855

BLACK HILLS CORP. ANNOUNCES PRICING OF $525 MILLION OF SENIOR NOTES

Thu 14th November, 2013 10:25pm

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20131114:nHUGdnLQ 
 
RAPID CITY, S.D. - Nov. 14, 2013 - Black Hills Corp. (NYSE: BKH) today announced the pricing of a
public debt offering of $525 million aggregate principal amount of senior unsecured notes due Nov.
30, 2023. The notes were priced at 99.530% of the principal amount and will carry an interest rate
of 4.25%. Black Hills expects the issuance and delivery to occur on Nov. 19, 2013, subject to
customary closing conditions. The company plans to use the proceeds to redeem its $250 million of
9% senior unsecured notes due 2014 and for general corporate purposes, which may include the
repayment of other indebtedness.

The senior notes were offered by Black Hills Corp. pursuant to a shelf registration statement
filed with the Securities and Exchange Commission on June 20, 2011. RBC Capital Markets, LLC, U.S.
Bancorp Investments, Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC
served as joint book-running managers for the offering.

Copies of the prospectus supplement relating to the offering may be obtained by writing or calling
the joint book-running managers for the offering as follows: RBC Capital Markets, LLC, 200 Vesey
Street, 10th floor, New York, NY 10281, 877- 280-1299; U.S. Bancorp Investments, Inc. - Syndicate,
214 N. Tryon, Charlotte, NC 28202, 877-558-2607; Credit Suisse Securities (USA) LLC Prospectus
Department, Eleven Madison Avenue, Level 1B, New York, NY 10010, 800-221-1037; or J.P. Morgan
Securities LLC, 383 Madison Avenue, New York, NY 10179, Attention: Investment Grade Syndicate
Desk, 3rd Floor, telephone collect at 1-212-834-4533. An electronic copy of the prospectus
supplement is available on the website of the Securities and Exchange Commission at 
http://www.sec.gov/ www.sec.gov http://www.sec.gov. .

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of such
jurisdiction.

ABOUT BLACK HILLS CORP.
Black Hills Corp., a growth-oriented, vertically-integrated energy company with a tradition of
exemplary service and a vision to be the energy partner of choice, is based in Rapid City, S.D.
The company serves 769,000 natural gas and electric utility customers in Colorado, Iowa, Kansas,
Montana, Nebraska, South Dakota and Wyoming. The company generates wholesale electricity, and
produces natural gas, crude oil and coal. Black Hills employees partner to produce results that
improve life with energy. More information is available at www.blackhillscorp.com
http://www.blackhillscorp.com/ . 
 
 Investor Relations:                     
 Jerome E. Nichols         605-721-1171  
                                         
 Media Contact:                          
 24-hour Media Assistance  866-243-9002  
 
 

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This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Black Hills Corporation via Thomson Reuters ONE


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