Black Hills prices $200 million senior unsecured notes; proceeds to pay down revolving debt
By APTuesday, July 13, 2010
Black Hills prices $200 million debt offering
RAPID CITY, S.D. — Natural gas and electric utility Black Hills Corp. on Tuesday said it will sell $200 million of debt on Thursday.
The company plans to use the proceeds from the sale to pay down debt on its revolving credit facility.
The notes were priced at par and will carry an interest rate of 5.875 percent.
Credit Suisse, RBS and Scotia Capital served as joint book-running managers for the offering, and Mitsubishi UFJ Securities, US Bancorp Investments, and Wells Fargo Securities served as senior co-managers. BofA Merrill Lynch, Credit Agricole CIB, Fifth Third Securities Inc. and Societe Generale served as co-managers.
Shares of Black Hills closed Tuesday trading up 50 cents at $30.67.
Filed under: Corporate, Corporate News
Tags: North America, Ownership Changes, Rapid City, South Dakota, United States
Tags: North America, Ownership Changes, Rapid City, South Dakota, United States
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