| Black Hills Corp. Closes $300 Million Term Loan | |
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RAPID CITY, S.D. - April 13, 2015 - Black Hills Corp. (BKH) today announced the closing of a new $300 million unsecured term loan. The loan has a two-year term with a maturity date of April 12, 2017. The cost of borrowing under the loan is based on LIBOR plus a spread of 90 basis points per annum. Proceeds of the term note were used to repay an existing $275 million term note due June 19, 2015, and for other corporate purposes. J.P. Morgan Securities LLC acted as lead left arranger for the term loan, and participating banks are JP Morgan Chase Bank, N.A.; U.S. Bank N.A.; The Bank of Tokyo-Mitsubishi UFJ, LTD.; CoBank, ACB; The Bank of Nova Scotia and Wells Fargo, N.A. "The new term loan takes advantage of historically low interest rates while providing flexibility in our capital structure," said Rich Kinzley, Black Hills` chief financial officer. ABOUT BLACK HILLS CORP. Black Hills Corp. (BKH) is a growth-oriented, vertically-integrated energy company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, S.D., the company serves 785,000 natural gas and electric utility customers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. The company also generates wholesale electricity and produces natural gas, oil and coal. Black Hills Corp.`s more than 2,000 employees form partnerships and produce positive results for our customers, communities and shareholders. More information is available at www.blackhillscorp.com. Investor Relations: Jerome E. Nichols 605-721-1171 jerome.nichols@blackhillscorp.com 24-Hour Media Relations Line: 566-243-9002 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Black Hills Corporation via GlobeNewswireHUG#1910738
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Black Hills Corporation
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CODE : BKH |
ISIN : US0921131092 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Black Hills is a producing company based in United states of america. Black Hills is listed in Germany and in United States of America. Its market capitalisation is US$ 2.9 billions as of today (€ 2.7 billions). Its stock quote reached its lowest recent point on April 11, 1986 at US$ 1.27, and its highest recent level on February 07, 2020 at US$ 87.12. Black Hills has 53 544 761 shares outstanding. |