debt
confidence high
sentiment neutral
materiality 0.55
Black Hills completes $450M debt offering; issues 6.150% Notes due 2034
BLACK HILLS CORP /SD/
- Issued $450M of 6.150% Notes due 2034 at 100% of principal; interest payable semi-annually.
- Net proceeds to repay/retire $525M of 4.250% Notes maturing Nov 30, 2023.
- Notes are unsecured senior obligations ranking equally with existing unsecured debt.
- Maturity date: May 15, 2034; first interest payment due May 15, 2024.
- Remaining proceeds may be used for capital expenditures, acquisitions, or general corporate purposes.