BKH 8K 6-21-13
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________
FORM 8-K
____________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) June 21, 2013
____________
BLACK HILLS CORPORATION
(Exact name of registrant as specified in its charter)
____________
|
| | | |
South Dakota |
(State or other jurisdiction of incorporation) |
001-31303 | | 46-0458824 |
(Commission File Number) | | (IRS Employer Identification No.) |
| | |
625 Ninth Street, PO Box 1400
| | 57709-1400 |
Rapid City, South Dakota
| | (Zip Code) |
(Address of principal executive offices) |
| | |
| 605.721.1700 | | |
(Registrant's telephone number, including area code) |
| | |
Not Applicable |
(Former name or former address, if changed since last report) |
____________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On June 21, 2013, the Registrant entered into a Credit Agreement among Black Hills Corporation, as Borrower; the financial institutions from time to time party thereto, as Banks; JPMorgan Chase Bank, N.A., as Administrative Agent; and J.P. Morgan Securities LLC, U.S. Bank National Association, Union Bank, N.A., CoBank, ACB and The Bank of Nova Scotia, as Joint Lead Arrangers and Joint Bookrunners (the “New Term Loan”).
The New Term Loan is a $275 million, two-year term, unsecured single-draw term loan that matures June 19, 2015. The costs of borrowings under the New Term Loan are at a spread of 112.5 basis points over LIBOR.
Proceeds from the New Term Loan were used to repay a $150 million term note due June 24, 2013, a $100 million term note due September 30, 2013, and other short term borrowings.
The New Term Loan, filed as Exhibit 10 to this Form 8-K, is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information required by this item is included in Item 1.01.
|
| | | |
Item 9.01 Financial Statements and Exhibits |
| | |
(d) |
| | Exhibits |
| | |
10 |
| | Credit Agreement dated June 21, 2013 among Black Hills Corporation, as Borrower, JPMorgan Chase Bank, N. A., in its capacity as administrative agent for the Banks under the Credit Agreement, and as a Bank, and the other Banks party thereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
| |
| BLACK HILLS CORPORATION |
| |
| |
| By:/s/ Anthony S. Cleberg |
| Anthony S. Cleberg |
| Executive Vice President |
| |
| |
Date:June 21, 2013 | |
Exhibit Index
|
| | |
Exhibit No. | | Description |
| | |
10 | | Credit Agreement dated June 21, 2013 among Black Hills Corporation, as Borrower, JPMorgan Chase Bank, N. A., in its capacity as administrative agent for the Banks under the Credit Agreement, and as a Bank, and the other Banks party thereto. |