04:39 PM EDT, 05/13/2024 (MT Newswires) -- Black Hills (BKH) said late Monday it priced a $450 million offering of 6% notes due Jan. 15, 2035.

The offering is expected to close on Thursday, the company said.

Net proceeds from the offering, plus cash or short-term borrowings, will be used to repay the company's $600 million outstanding notes on or before their maturity on Aug. 23, Black Hills said.

Remaining net proceeds may be used for general corporate purposes, it said.

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