Black Hills $400 million at-the-market offering
The shares are listed on the NYSE
Davis Polk advised the forward purchasers in connection with a new SEC-registered at-the-market offering program by Black Hills Corp. of its shares of common stock for up to an aggregate offering price of $400 million. The common stock is listed on the New York Stock Exchange under the symbol “BKH.”
Black Hills Corp. is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.3 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.
The Davis Polk capital markets team included partner Derek Dostal and counsel John H. Runne. The equity derivatives team included partner Mark J. DiFiore and associate Eugenia S. Lee. Partner Michael Farber and associates Eitan Ulmer and Ted Lee provided tax advice. All members of the Davis Polk team are based in the New York office.