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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Nov. 25, 7:10 PM

Slide #8. Black Hills Corp. Secondary Offering

Company: Black Hills Corp. (NYSE:BKH)
Date announced: 11/18/2015
Shares Offered: 5,500,000
Date of Pricing: 11/18/2015
Price Per Share: $40.25
Secondary Offering Details: Black Hills Corp. (NYSE:BKH) (the "Company") today announced the pricing of a registered public offering of 5.5 million shares of its common stock at $40.25 per share, for total gross proceeds of approximately $221.4 million. In addition, the Company announced the pricing of its registered public offering of 5.2 million equity units, for total gross proceeds of $260.0 million. The offerings (which are not conditioned on one another) are expected to close on or about Nov. 23, 2015, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 825,000 shares of its common stock, and a 13-day option to purchase up to 780,000 additional equity units, upon the same terms as their respective offerings.

Black Hills is a holding company. Through its subsidiaries, Co. operates principally in the U.S. with two business groups: Utilities, which comprised of its regulated Electric Utilities and regulated Gas Utilities segments; and Non-regulated Energy, which comprised of its Power Generation, Coal Mining and Oil and Gas segments. As of Dec 31 2014, Co. generated, transmitted and distributed electricity to approximately 205,400 customers in South Dakota, Wyoming, Colorado and Montana; and distributed natural gas to approximately 543,200 customers in Colorado, Iowa, Kansas and Nebraska. As of the same date, Co. had total oil and gas reserves of about 101.42 billion cubic feet equivalent.

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Company Name:  Black Hills Corporation
Sector:  Electric Utilities
Number of ETFs Holding BKH:  43
Total Market Value Held by ETFs:  $326.98M
Total Market Capitalization:  $1.92B
% of Market Cap. Held by ETFs:  17.05%

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November 25, 2015    7:10 PM Eastern
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