U.S. Bank, JPMorgan Extend Black Hills Facility
Black Hills extended the maturity dates of its $750 million revolving credit facility and $300 million term loan.
Black Hills extended the maturity dates of its $750 million revolving credit facility and $300 million term loan.
Black Hills upsized its revolving credit facility to $750 million from $500 million with a bank group led by U.S. Bank as administrative agent. The company also closed on a $500 million term loan with a lender group led by JPMorgan Chase as agent.
Bloomberg reported that Black Hills agreed to buy energy company SourceGas Holdings from investment funds managed by GE and Alinda Capital Partners.
Black Hills said it amended its $500 million revolving credit facility used to fund its working capital needs. U.S. Bank was administrative agent on the deal.
Black Hills announced it amended its $500 million its revolving credit facility with a lender group led by U.S. Bank as administrative agent.