Black Hills issues $600M of 1.037% Notes due 2024; proceeds to repay term loan

BLACK HILLS CORP /SD/

Issued $600M aggregate principal of 1.037% Notes due August 23, 2024.
Net proceeds of ~$597.9M after original issue discount and underwriting discounts.
Repayment of outstanding term loan under Credit Agreement dated Feb 24, 2021; remainder for general corporate purposes.
Notes are unsecured senior obligations, rank equally with existing and future unsecured unsubordinated debt.
Interest payable semi-annually on Feb 23 and Aug 23 starting Feb 23, 2022.

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