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Black Hills Prices $450 Million Public Debt Offering

BY MT Newswires | CORPORATE | 09/25/25 05:49 PM EDT

05:49 PM EDT, 09/25/2025 (MT Newswires) -- Black Hills (BKH) said late Thursday it has priced a public debt offering of $450 million aggregate principal amount of 4.55% senior unsecured notes due Jan. 2031.

The company plans to use the proceeds to repay, redeem, or otherwise retire $300 million of its outstanding 3.950% notes due Jan. 2026.

The offering is expected to close on Oct. 2, the company added.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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