debt
confidence high
sentiment neutral
materiality 0.60
Black Hills issues $450M of 4.550% Notes due 2031 to refinance $300M 2026 notes
BLACK HILLS CORP /SD/
- Aggregate principal of $450M, interest 4.550%, maturing January 31, 2031.
- Net proceeds to repay $300M of 3.950% notes due January 15, 2026.
- Remaining proceeds for general corporate purposes including capex and acquisitions.
- Notes are unsecured senior obligations ranking equally with existing unsecured debt.
- Issued under existing shelf registration and supplemental indenture dated October 2, 2025.