Published: June 01, 2010
Black Hills Corporation Completes Commitments on Energy Marketing Credit Facility
RAPID CITY, S.D., June 1 /PRNewswire-FirstCall/ -- Black Hills Corp. (NYSE: BKH) energy marketing subsidiary Enserco Energy today announced that on May 28, 2010 the company closed an additional $23.5 million of credit capacity for its two-year, committed stand-alone credit facility. Through the additional participation of Credit Agricole, a participant in the previous facility, the facility size increases to $250 million from the initial $226.5 million announced on May 12, 2010. BNP Paribas and Societe Generale are co-lead arranger banks.
"This completes another positive financial milestone and we are pleased with the continued commitment from our bank group," said Tony Cleberg, executive vice president and chief financial officer of Black Hills Corp.
Enserco Energy Inc.
Enserco Energy Inc., a division of Black Hills Corp. (NYSE: BKH), specializes in the optimization of energy assets in the United States and Canada. More than 40 energy professionals are responsible for transactions in wholesale natural gas marketing and producer services for natural gas and crude oil.
Black Hills Corporation
Black Hills Corp. -- a diversified energy company with a tradition of exemplary service and a vision to be the energy partner of choice -- is based in Rapid City, S.D., with corporate offices in Denver, and Omaha, Neb. The company serves 763,300 natural gas and electric utility customers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. The company's non-regulated businesses generate wholesale electricity, produce natural gas, oil and coal, and market energy. Black Hills employees partner to produce results that improve life with energy. More information is available at www.blackhillscorp.com.
SOURCE Black Hills Corporation
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