debt
confidence high
sentiment neutral
materiality 0.55
Black Hills issues $350M 5.950% senior notes due 2028
BLACK HILLS CORP /SD/
- Issued $350M aggregate principal of 5.950% Notes due March 15, 2028.
- Net proceeds ~$346.8M after underwriting discounts and original issue discount.
- Proceeds to repay commercial paper; remainder for general corporate purposes.
- Notes are unsecured senior obligations ranking equally with existing unsecured debt.
- Interest payable semi-annually on March 15 and September 15, starting September 15, 2023.