Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Black Hills Corp. > News item |
Black Hills in the market with offering of notes due 2027, 2046
By Lisa Kerner
Charlotte, N.C., Aug. 10 – Black Hills Corp. is in the market with notes due 2027 and 2046, according to a 424B5 filed with the Securities and Exchange Commission on Wednesday.
J.P. Morgan Securities LLC, MUFG, Scotiabank, RBC Capital Markets Corp. and U.S. Bancorp Investments Inc. are the joint bookrunners.
Proceeds from the offering, along with proceeds from recent bank loan transactions, will be used to repay certain existing debt, that of Black Hills Gas Holdings, LLC (formerly known as SourceGas Holdings LLC) and its subsidiaries, and to settle certain outstanding interest rate swaps.
Also, proceeds may be used for general corporate purposes, which may include, among other things, capital expenditures, acquisitions, investments, other business opportunities and repayment or refinancing of other outstanding debt.
The energy company is based in Rapid City, S.D.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.