Black Hills increases term loan to $400 million, extends to 2021

By Wendy Van Sickle

Columbus, Ohio, June 18 – Black Hills Corp. entered on Monday into a first amendment to its credit agreement dated July 30, 2018 to increase its term loan by $100 million to $400 million and extend its maturity to June 17, 2021, according to an 8-K filed with the Securities and Exchange Commission.

The term loan was previously due to mature on July 30, 2020.

JPMorgan Chase Bank, NA is the administrative agent.

The full amount of the term loan was outstanding at closing of the amendment.

Black Hills is a utility company based Rapid City, S.D.

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