Davis Polk advised the joint book-running managers of an SEC-registered offering by Black Hills Corporation of $250 million aggregate principal amount of its 2.500% notes due 2019 and $300 million aggregate principal amount of its 3.950% notes due 2026. Black Hills intends to use the net proceeds from this offering to partially finance its acquisition of SourceGas Holdings LLC.

Based in Rapid City, South Dakota, Black Hills serves 792,000 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.

The Davis Polk capital markets team included partner Deanna L. Kirkpatrick, counsel Derek Dostal and associate John H. Runne. Partner Lucy W. Farr and associate Anne E. McGinnis provided tax advice. Counsel Betty Moy Huber and associate Yuko Masunaga provided environmental advice. All members of the Davis Polk team are based in the New York office.

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