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AI brief of an SEC Form 8-K · Black Hills (BKH)

Black Hills Sells $450 Million of 4.550% Notes Due 2031 to Refinance 2026 Debt

Neutral Impact 2 of 5 financing Written later

Black Hills Corporation issued $450 million of 4.550% unsecured senior notes due January 31, 2031 on October 2, 2025. The company plans to use the net proceeds to repay or retire $300 million of 3.950% notes maturing January 15, 2026, with any remainder for general corporate purposes. The deal is a debt refinancing that extends the maturity profile, and the filing does not report any change to earnings or guidance.

Key points

  • Notes: $450 million aggregate principal, 4.550% coupon, stated maturity January 31, 2031
  • Interest paid semi-annually on January 31 and July 31, starting January 31, 2026
  • Proceeds intended to retire the $300 million of 3.950% notes due January 15, 2026
  • Notes issued under a Registration Statement on Form S-3 and a Fourteenth Supplemental Indenture dated October 2, 2025

The filing

CompanyBlack Hills (BKH)
Form8-K, current report
Filed with the SECOct 2, 2025, 4:10 PM ET
Accession number0001104659-25-096060

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 02, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.